|
Video: What is a Stock Split?
|
|
Designs manufactures distributes and services diesel and natural gas engines electric power generation systems and engine-related products including filtration and emissions solutions fuel systems controls and air handling systems. According to our CUM split history records, CUM has had 1 split. | |
|
CUM (CUM) has 1 split in our CUM split history database. The split for CUM took place on November 12, 1993. This was a 2 for 1
split, meaning for each share of CUM 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.
When a company such as CUM 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 CUM split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CUM shares, starting with a $10,000 purchase of CUM, presented on a split-history-adjusted basis factoring in the complete CUM split history.
CUM -- use the split history when considering split-adjusted past price performance. |
|
Date |
Ratio |
11/12/1993 | 2 for 1
|
|
|