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 Video: What is a Stock Split?
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| Chemspec International is a China-based contract manufacturer of highly engineered specialty chemicals. Co. is engaged in the manufacture of fluorinated specialty chemicals in China. Co.'s specialty chemicals, typically highly engineered chemicals, are used as building blocks for more advanced chemicals or used to enhance the performance of the end products of its clients. Co. has a client pool from various industries including electronics, pharmaceuticals and agrochemicals. Co. maintains four manufacturing facilities that are equipped to produce specialty chemicals in both small batches for development stage and commercialized projects. According to our CPC split history records, CPC has had 2 splits. | |
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CPC (CPC) has 2 splits in our CPC split history database. The first split for CPC took place on March 20, 1996. This was a 3 for 2
split, meaning for each 2
shares of CPC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CPC's second split took place on December 15, 1997. This was a 3 for 2
split, meaning for each 2
shares of CPC owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as CPC splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the CPC split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CPC shares, starting with a $10,000 purchase of CPC, presented on a split-history-adjusted basis factoring in the complete CPC split history.
CPC -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 03/20/1996 | 3 for 2
| | 12/15/1997 | 3 for 2
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