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Lannett (LCI) has 1 split in our LCI split history database. The split for LCI took place on March 03, 2003. This was a 3 for 2 split, meaning for each 2 shares of LCI 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 Lannett 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 LCI 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 Lannett shares, starting with a $10,000 purchase of LCI, presented on a split-history-adjusted basis factoring in the complete LCI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||5.02%|
|Lannett Company develops, manufactures, packages, markets, and distributes solid oral and extended release (tablets and capsules), topical, liquids, nasal and oral solution finished dosage forms of drugs, generic forms of both small molecule and biologic medications, that address various therapeutic areas. Co.'s products are: Levothyroxine Sodium tablets, which are used for the treatment of thyroid deficiency; Fluphenazine tablets, which are used for the management of manifestations of psychotic disorders; Verapamil SR tablets, which are used in the treatment of high blood pressure, arrhythmia and angina; and Ursodiol Capsules, which are used for the treatment and prevention of gallstones. According to our LCI split history records, Lannett has had 1 split.|
|LCI Split History Table|
|03/03/2003||3 for 2|
|Healthcare Stock Splits|
|LCI is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: LCI shares outstanding history