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Video: What is a Stock Split?
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Zoltek Companies is a holding company, which focuses on applied technology and materials. Co. is engaged in the commercialization of carbon fiber through its development of reinforcement for composites used in a range of commercial products which it sells under the Panex® trade name. In addition to manufacturing carbon fiber, Co. produces an intermediate product, a stabilized and oxidized acrylic fiber used in flame- and heat-resistant applications which it sells under the Pyron® trade name. Co. focuses on two separate business segments: carbon fibers and technical fibers (oxidized acrylic fibers). According to our ZOLT split history records, ZOLT has had 2 splits. | |
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ZOLT (ZOLT) has 2 splits in our ZOLT split history database. The first split for ZOLT took place on October 02, 1995. This was a 3 for 2
split, meaning for each 2
shares of ZOLT 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. ZOLT's second split took place on June 18, 1996. This was a 2 for 1
split, meaning for each share of ZOLT owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as ZOLT 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 ZOLT split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ZOLT shares, starting with a $10,000 purchase of ZOLT, presented on a split-history-adjusted basis factoring in the complete ZOLT split history.
ZOLT -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
10/02/1995 | 3 for 2
| 06/18/1996 | 2 for 1
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