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Video: What is a Stock Split?
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Presbia is an ophthalmic device company which has developed and is in the process of obtaining the U.S. Food and Drug Administration approval for a proprietary optical lens implant for treating presbyopia, the age-related loss of the ability to focus on near objects. Co.'s lens, which it refers to as its microlens, is a miniature lens designed to be surgically implanted in a patient's eye. Co.'s microlens procedure is performed using a 150 kilohertz or greater frequency femtosecond laser, which is a laser that is used in certain LASIK surgeries, cataract surgeries and cornea replacement surgeries. Co.'s microlens is surgically implanted in an outpatient setting. According to our LENS split history records, LENS has had 1 split. | |
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LENS (LENS) has 1 split in our LENS split history database. The split for LENS took place on April 17, 2000. This was a 2 for 1
split, meaning for each share of LENS 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 LENS 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 LENS 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 LENS shares, starting with a $10,000 purchase of LENS, presented on a split-history-adjusted basis factoring in the complete LENS split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/30/2015 |
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End date: |
04/24/2019 |
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Start price/share: |
$6.51 |
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End price/share: |
$0.32 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-95.08% |
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Average Annual Total Return: |
-50.94% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$491.74 |
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Years: |
4.23 |
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Date |
Ratio |
04/17/2000 | 2 for 1
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