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Video: What is a Stock Split?
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Goodrich is a supplier of aerospace components, systems and services. Co. has three segments: Actuation and Landing Systems, which provides systems, components and related services pertaining to aircraft taxi, take-off, flight control, landing and stopping, and engine components; Nacelles and Interior Systems, which produces products and provides maintenance, repair and overhaul services associated with aircraft engines; as well as Electronic Systems, which produces systems and components that provide flight performance measurements, flight management, fuel controls, electrical systems, control and safety data, reconnaissance and surveillance systems and precision guidance systems. According to our GR split history records, GR has had 1 split. | |
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GR (GR) has 1 split in our GR split history database. The split for GR took place on April 02, 1996. This was a 2 for 1
split, meaning for each share of GR 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 GR 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 GR 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 GR shares, starting with a $10,000 purchase of GR, presented on a split-history-adjusted basis factoring in the complete GR split history.
GR -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
04/02/1996 | 2 for 1
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