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 Video: What is a Stock Split?
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| Surmodics, Inc. is a provider of performance coating technologies for intravascular medical devices and chemical and biological components for in vitro diagnostic (IVD) immunoassay tests and microarrays. Co.'s segments include Medical Device and IVD. The Medical Device segment manufactures and licenses performance coatings, including surface modification coating technologies to improve access, deliverability and predictable deployment of medical devices and drug-delivery coating technologies to provide site-specific drug-delivery from the surface of a medical device, with end markets that include neurovascular, peripheral, coronary and structural heart. According to our SRDX split history records, Surmodics has had 1 split. | |
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Surmodics (SRDX) has 1 split in our SRDX split history database. The split for SRDX took place on December 07, 2000. This was a 2 for 1 split, meaning for each share of SRDX 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 Surmodics 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 SRDX 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 Surmodics shares, starting with a $10,000 purchase of SRDX, presented on a split-history-adjusted basis factoring in the complete SRDX split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
04/29/2025 |
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| Start price/share: |
$25.31 |
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| End price/share: |
$30.93 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
22.20% |
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| Average Annual Total Return: |
2.02% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,214.54 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/07/2000 | 2 for 1 |
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