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 Video: What is a Stock Split?
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| Rochester Medical develops, manufactures and markets a line of urinary continence and urine drainage care products for the home care and acute/extended care markets. Co. manufactures and markets continence care products, including male external catheters and intermittent catheters, and products such as its FemSoft Insert and antibacterial and hydrophilic intermittent catheters. Co. also manufactures and markets a line of Foley catheters. Co. also sells certain ostomy and wound and scar care products and accessories, anti-decubitis mattresses and other brands of urological products in addition to Co.'s own Rochester Medical branded products into the European marketplace. According to our ROCM split history records, ROCM has had 1 split. | |
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ROCM (ROCM) has 1 split in our ROCM split history database. The split for ROCM took place on November 20, 2006. This was a 2 for 1 split, meaning for each share of ROCM 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 ROCM 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 ROCM 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 ROCM shares, starting with a $10,000 purchase of ROCM, presented on a split-history-adjusted basis factoring in the complete ROCM split history.
ROCM -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 11/20/2006 | 2 for 1 |
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