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 Video: What is a Stock Split?
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| CorVel Corporation applies technology including artificial intelligence, machine learning and natural language processing to enhance the management of episodes of care and the related health care costs. Co. partners with employers, third-party administrators, insurance companies and government agencies in managing workers' compensation and health, auto and liability services. Its customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients. Co.'s services include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care and Medicare services. According to our CRVL split history records, CorVel has had 5 splits. | |
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CorVel (CRVL) has 5 splits in our CRVL split history database. The first split for CRVL took place on June 15, 1999. This was a 2 for 1
split, meaning for each share of CRVL owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CRVL's second split took place on September 04, 2001. This was a 3 for 2 split, meaning for each 2 shares of CRVL owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. CRVL's third split took place on December 11, 2006. This was a 3 for 2 split, meaning for each 2 shares of CRVL owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split. CRVL's 4th split took place on June 27, 2013. This was a 2 for 1 split, meaning for each share of CRVL owned pre-split, the shareholder now owned 2 shares. For example, a 4500 share position pre-split, became a 9000 share position following the split. CRVL's 5th split took place on December 26, 2024. This was a 3 for 1 split, meaning for each share of CRVL owned pre-split, the shareholder now owned 3 shares. For example, a 9000 share position pre-split, became a 27000 share position following the split.
When a company such as CorVel 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 CRVL split history from start to finish, an original position size of 1000 shares would have turned into 27000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CorVel shares, starting with a $10,000 purchase of CRVL, presented on a split-history-adjusted basis factoring in the complete CRVL split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/08/2015 |
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| End date: |
12/04/2025 |
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| Start price/share: |
$13.02 |
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| End price/share: |
$70.36 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
440.40% |
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| Average Annual Total Return: |
18.38% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$54,023.48 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/15/1999 | 2 for 1
| | 09/04/2001 | 3 for 2 | | 12/11/2006 | 3 for 2 | | 06/27/2013 | 2 for 1 | | 12/26/2024 | 3 for 1 |
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