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Video: What is a Stock Split?
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Alkermes is a biopharmaceutical company. Co. has a portfolio of commercial products focused on alcohol dependence, opioid dependence, schizophrenia and bipolar I disorder and a pipeline of product candidates in development for neurological disorders and cancer. Co.'s proprietary products include: ARISTADA, which is an extended-release intramuscular injectable suspension for the treatment of schizophrenia; ARISTADA INITIO, which utilizes Co.'s proprietary LinkeRx and NanoCrystal technologies; and LYBALVI, which is an oral atypical antipsychotic drug approved in the U.S. for the treatment of adults with schizophrenia and for the treatment of adults with bipolar I disorder. According to our Alkermes stock split history records, Alkermes has had 1 split. | |
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Alkermes (ALKS) has 1 split in our Alkermes stock split history database. The split for ALKS took place on May 15, 2000. This was a 2 for 1
split, meaning for each share of ALKS 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.
When a company such as Alkermes 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 Alkermes stock split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Alkermes shares, starting with a $10,000 purchase of ALKS, presented on a split-history-adjusted basis factoring in the complete Alkermes stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$45.45 |
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End price/share: |
$24.65 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-45.76% |
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Average Annual Total Return: |
-5.94% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,421.54 |
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Years: |
10.00 |
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Date |
Ratio |
05/15/2000 | 2 for 1
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