Schnitzer Steel Industries is engaged as a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. Co.'s segments are: the Auto and Metals Recycling, which acquires and recycles ferrous and nonferrous scrap metal for sale to foreign and domestic metal producers, processors and brokers, and procures salvaged vehicles and sells serviceable used auto parts from these vehicles through a network of self-service auto parts stores; and the Cascade Steel and Scrap, which operates a steel mini-mill that produces a range of finished steel long products using ferrous recycled scrap metal and other raw materials. We show 45 historical shares outstanding datapoints in our coverage of SCHN's shares outstanding history.
Understanding the changing numbers of SCHN shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like SCHN versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching SCHN by allowing them to research SCHN shares outstanding history
as well as any other stock in our coverage universe. |
Video: Shares Outstanding Importance
