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 Video: What is a Stock Split?
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| Symmetricom is a provider of timekeeping technologies, instruments and solutions. Co.'s products include atomic instruments and components, hydrogen masers, timescale systems, Global Positioning System instrumentation, synchronous supply units, standards-based clients and servers, performance measurement and management tools and embedded subsystems and software solutions. Co. has two reportable segments: Communications, which provides timing technologies and services for communications infrastructure; and Government and Enterprise, which provides timing technology products for aerospace/defense, IT infrastructure, power infrastructure and science and metrology applications. According to our SYMM split history records, SYMM has had 1 split. | |
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SYMM (SYMM) has 1 split in our SYMM split history database. The split for SYMM took place on August 21, 2000. This was a 3 for 2 split, meaning for each 2 shares of SYMM owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as SYMM 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 SYMM split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SYMM shares, starting with a $10,000 purchase of SYMM, presented on a split-history-adjusted basis factoring in the complete SYMM split history.
SYMM -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 08/21/2000 | 3 for 2 |
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