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 Video: What is a Stock Split?
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| Charles & Colvard is a fine jewelry company focusing on lab created gemstones. Co. manufactures, markets, and distributes Charles & Colvard Created Moissanite® (which Co. refers to as moissanite or moissanite jewels) and Caydia®, a brand of lab grown diamonds. Co. sells loose moissanite jewels, lab grown diamonds, and finished jewelry set with these gems through two segments: its Online Channels segment, which comprised of its charlesandcolvard.com, charlesandcolvarddirect.com, and moissaniteoutlet.com websites, e-commerce outlets, including marketplaces and other pure-play; and its Traditional segment, which consists of domestic and international distributors and retail customers. According to our CTHR split history records, Charles and Colvard has had 1 split. | |
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Charles and Colvard (CTHR) has 1 split in our CTHR split history database. The split for CTHR took place on January 31, 2006. This was a 5 for 4 split, meaning for each 4 shares of CTHR owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split.
When a company such as Charles and Colvard 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 CTHR split history from start to finish, an original position size of 1000 shares would have turned into 1250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Charles and Colvard shares, starting with a $10,000 purchase of CTHR, presented on a split-history-adjusted basis factoring in the complete CTHR split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
12/06/2023 |
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| Start price/share: |
$5.33 |
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| End price/share: |
$0.40 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-92.50% |
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| Average Annual Total Return: |
-22.83% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$750.07 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 01/31/2006 | 5 for 4 |
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