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Laboratory of America Holdings (LH) has 3 splits in our LH split history database. The first split for LH took place on May 04, 2000. This was a 1 for 10 reverse split, meaning for each 10 shares of LH owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. LH's second split took place on June 12, 2001. This was a 2 for 1 split, meaning for each share of LH owned pre-split, the shareholder now owned 2 shares. For example, a 100 share position pre-split, became a 200 share position following the split. LH's third split took place on May 13, 2002. This was a 2 for 1 split, meaning for each share of LH owned pre-split, the shareholder now owned 2 shares. For example, a 200 share position pre-split, became a 400 share position following the split.
When a company such as Laboratory of America Holdings 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 Laboratory of America Holdings 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 LH 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 Laboratory of America Holdings shares, starting with a $10,000 purchase of LH, presented on a split-history-adjusted basis factoring in the complete LH split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||9.38%|
|About Laboratory of America Holdings|
|Laboratory Corporation of America Holdings is a life sciences company that is focused on guiding patient care. Co. reports its business in the following segments: LabCorp Diagnostics (LCD) and Covance Drug Development (CDD). LCD is an independent clinical laboratory business. LCD provides a menu of requested and specialty testing through a network of primary and specialty laboratories across the United States. CDD provides drug development, medical device and diagnostic development solutions from early-stage research to clinical development and commercial market access. CDD engages in early development and clinical trials in each therapeutic category. According to our LH split history records, Laboratory of America Holdings has had 3 splits.|
|LH Split History Table|
|05/04/2000||1 for 10|
|06/12/2001||2 for 1|
|05/13/2002||2 for 1|
|Healthcare Stock Splits|
|LH 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: LH shares outstanding history