|
Video: What is a Stock Split?
|
|
A managed health care organization which provides and administers the delivery of health care and workers' compensation programs with an emphasis on quality care and cost management. According to our SIE split history records, SIE has had 3 splits. | |
|
SIE (SIE) has 3 splits in our SIE split history database. The first split for SIE took place on January 12, 1993. This was a 2 for 1
split, meaning for each share of SIE 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. SIE's second split took place on June 09, 1998. This was a 3 for 2
split, meaning for each 2
shares of SIE owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. SIE's third split took place on January 03, 2006. This was a 2 for 1 split, meaning for each share of SIE owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as SIE 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 SIE split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SIE shares, starting with a $10,000 purchase of SIE, presented on a split-history-adjusted basis factoring in the complete SIE split history.
SIE -- use the split history when considering split-adjusted past price performance. |
|
Date |
Ratio |
01/12/1993 | 2 for 1
| 06/09/1998 | 3 for 2
| 01/03/2006 | 2 for 1 |
|
|