ADL (ADL) has 1 split in our ADL split history
database. The split for ADL took place on September 28, 2006. This was a 1 for 5 reverse split, meaning for each 5 shares of ADL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as ADL 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 ADL split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ADL shares, starting with a $10,000 purchase of ADL, presented on a split-history-adjusted basis factoring in the complete ADL split history.
ADL -- use the split history when considering split-adjusted past price performance.
|The Company develops manufactures distributes and sells high quality medical diagnostic products generic pharmaceuticals nutritional supplements and cosmetics in the U.S. China Korea Taiwan and other markets throughout the world. According to our ADL split history records, ADL has had 1 split.|
|09/28/2006||1 for 5|