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Video: What is a Stock Split?
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SanDisk designs, develops and manufactures data storage applications in a range of form factors using flash memory, controller, firmware and software technologies. Co.'s solutions include a range of solid state drives, embedded products, removable cards, universal serial bus, drives, wireless media drives, digital media players, and wafers and components. Co. provides software solutions that can be used in conjunction with flash storage products to optimize performance in computing and data center environments. Co. also generate license and royalty revenue related to its intellectual property. The majority of Co.'s products use firmware that is developed in-house. According to our SNDK split history records, SNDK has had 2 splits. | |
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SNDK (SNDK) has 2 splits in our SNDK split history database. The first split for SNDK took place on February 23, 2000. This was a 2 for 1
split, meaning for each share of SNDK 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. SNDK's second split took place on February 19, 2004. This was a 2 for 1 split, meaning for each share of SNDK owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as SNDK 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 SNDK split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SNDK shares, starting with a $10,000 purchase of SNDK, presented on a split-history-adjusted basis factoring in the complete SNDK split history.

Growth of $10,000.00
With Dividends Reinvested
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Start date: |
02/17/2015 |
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End date: |
02/01/2017 |
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Start price/share: |
$82.20 |
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End price/share: |
$76.18 |
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Starting shares: |
121.65 |
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Ending shares: |
123.28 |
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Dividends reinvested/share: |
$0.90 |
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Total return: |
-6.09% |
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Average Annual Total Return: |
-3.16% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,390.37 |
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Years: |
1.96 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/17/2015 |
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End date: |
02/01/2017 |
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Start price/share: |
$82.20 |
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End price/share: |
$76.18 |
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Dividends collected/share: |
$0.90 |
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Total return: |
-6.23% |
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Average Annual Total Return: |
-3.23% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,377.08 |
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Years: |
1.96 |
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Date |
Ratio |
02/23/2000 | 2 for 1
| 02/19/2004 | 2 for 1 |
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