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TORM is a carrier of refined oil products. Co.'s activities are primarily the transportation of clean petroleum products, such as gasoline, jet fuel, kerosene, naphtha and gas oil, and occasionally dirty petroleum products, such as fuel oil. Co. has an in-house operating and management platform which performs commercial, administrative and technical management for its vessels. Through this platform, Co. handles the commercial management of all its vessels and the technical management of all its owned vessels. Co. conducts all vessel sale and purchase activities in-house, utilizing relationships with shipbrokers, shipyards, financial institutions and other shipowners. According to our TRMD split history records, TORM has had 3 splits.
TRMD split history picture
TORM (TRMD) has 3 splits in our TRMD split history database. The first split for TRMD took place on May 11, 2004. This was a 2 for 1 split, meaning for each share of TRMD 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. TRMD's second split took place on June 01, 2007. This was a 2 for 1 split, meaning for each share of TRMD 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. TRMD's third split took place on November 27, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of TRMD owned pre-split, the shareholder now owned 1 share. For example, a 4000 share position pre-split, became a 400 share position following the split.

When a company such as TORM 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. When a company such as TORM conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the TRMD split history from start to finish, an original position size of 1000 shares would have turned into 400 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TORM shares, starting with a $10,000 purchase of TRMD, presented on a split-history-adjusted basis factoring in the complete TRMD split history. TRMD split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 02/23/2018
End date: 05/17/2024
Start price/share: $7.60
End price/share: $38.16
Starting shares: 1,315.79
Ending shares: 2,107.76
Dividends reinvested/share: $11.36
Total return: 704.32%
Average Annual Total Return: 39.74%
Starting investment: $10,000.00
Ending investment: $80,420.75
Years: 6.23
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 02/23/2018
End date: 05/17/2024
Start price/share: $7.60
End price/share: $38.16
Dividends collected/share: $11.36
Total return: 551.58%
Average Annual Total Return: 35.10%
Starting investment: $10,000.00
Ending investment: $65,162.95
Years: 6.23
Date Ratio
05/11/20042 for 1
06/01/20072 for 1
11/27/20121 for 10
TRMD is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

TS Split History
TSO Split History
TTI Split History
TWR Split History
UGP Split History
UPL Split History
USEG Split History
VLO Split History
VOL Split History
VTNR Split History

Also explore: TRMD shares outstanding history

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