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 Video: What is a Stock Split?
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| Ruddick is a holding company. Through its wholly-owned subsidiary, Harris Teeter, Inc. (Harris Teeter), Co. is engaged in the retail supermarket business. At Oct 2 2011, Harris Teeter operated 204 supermarkets in eight states mainly in the southeastern and mid-Atlantic U.S., and the District of Columbia. These supermarkets provide a range of groceries, produce, meat and seafood, delicatessen items, bakery items, wines and non-food items such as health and beauty care, general merchandise and floral. In addition, Harris Teeter operated pharmacies in 133 of their supermarkets. Other than milk and ice cream produced by Co.-owned facility, Harris Teeter purchases most of the products it sells. According to our RDK split history records, RDK has had 1 split. | |
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RDK (RDK) has 1 split in our RDK split history database. The split for RDK took place on October 02, 1995. This was a 2 for 1
split, meaning for each share of RDK 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 RDK 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 RDK 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 RDK shares, starting with a $10,000 purchase of RDK, presented on a split-history-adjusted basis factoring in the complete RDK split history.
RDK -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 10/02/1995 | 2 for 1
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