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Video: What is a Stock Split?
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ElectroCore is a commercial stage medical device company with a non-invasive vagus nerve stimulation (nVNS) therapy, called gammaCore. nVNS is a platform bioelectronic medical therapy that modulates neurotransmitters and immune function through its effects on both the peripheral and central nervous systems. Co.'s gammaCore therapy is prescription-only, with patients self-administering discrete doses using a handheld unit. Co.'s primary model, gammaCore Sapphire is a portable, reusable, rechargeable and reloadable option for patients, with the prescription being written by a health care provider and dispensed from a specialty pharmacy or fulfilled from its facility in Rockaway, NJ. According to our ECOR split history records, ElectroCore has had 1 split. | |
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ElectroCore (ECOR) has 1 split in our ECOR split history database. The split for ECOR took place on February 15, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of ECOR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as ElectroCore 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 ECOR split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ElectroCore shares, starting with a $10,000 purchase of ECOR, presented on a split-history-adjusted basis factoring in the complete ECOR split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/25/2018 |
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End date: |
03/28/2024 |
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Start price/share: |
$279.00 |
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End price/share: |
$6.17 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.79% |
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Average Annual Total Return: |
-48.39% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$221.25 |
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Years: |
5.76 |
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Date |
Ratio |
02/15/2023 | 1 for 15 |
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