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Video: What is a Stock Split?
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Varian Medical Systems is a manufacturer of medical devices and software for treating cancer and other medical conditions. Co.'s segments are: Oncology Systems, which designs, manufactures, sells and services hardware and software products for treating cancer with radiotherapy, and treatments such as fixed field intensity-modulated radiation therapy, image-guided radiation therapy, and brachytherapy; Proton Solutions, which develops, designs, manufactures, sells and services products and systems for delivering proton therapy for the treatment of cancer; and Interventional Solutions, which provides products for interventional oncology and interventional radiology procedures and treatments. According to our VAR split history records, VAR has had 5 splits. | |
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VAR (VAR) has 5 splits in our VAR split history database. The first split for VAR took place on March 18, 1994. This was a 2 for 1
split, meaning for each share of VAR 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. VAR's second split took place on April 05, 1999. This was a 2 for 1
split, meaning for each share of VAR 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. VAR's third split took place on January 16, 2002. This was a 2 for 1 split, meaning for each share of VAR owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. VAR's 4th split took place on August 02, 2004. This was a 2 for 1 split, meaning for each share of VAR owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. VAR's 5th split took place on January 30, 2017. This was a 10000 for 8769 split, meaning for each 8769 shares of VAR owned pre-split, the shareholder now owned 10000 shares. For example, a 16000 share position pre-split, became a 18246.0941954613 share position following the split.
When a company such as VAR 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 VAR split history from start to finish, an original position size of 1000 shares would have turned into 18246.0941954613 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VAR shares, starting with a $10,000 purchase of VAR, presented on a split-history-adjusted basis factoring in the complete VAR split history.

Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/17/2015 |
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End date: |
04/16/2021 |
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Start price/share: |
$81.43 |
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End price/share: |
$177.07 |
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Dividends collected/share: |
$0.00 |
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Total return: |
117.45% |
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Average Annual Total Return: |
13.44% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$21,749.53 |
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Years: |
6.16 |
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Date |
Ratio |
03/18/1994 | 2 for 1
| 04/05/1999 | 2 for 1
| 01/16/2002 | 2 for 1 | 08/02/2004 | 2 for 1 | 01/30/2017 | 10000 for 8769 |
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