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Fortress Biotech is a biopharmaceutical company focused on acquiring, developing and commercializing pharmaceutical and biotechnology products and product candidates. Through its partner company, Co. markets dermatology products including Qbrexza®, which is a medicated cloth towelette for the treatment of primary axillary hyperhidrosis; Accutane® (isotretinoin) capsule, which is an oral capsule for the treatment of severe recalcitrant nodular acne; Ximino® (minocycline hydrochloride), which is an oral minocycline drug for the treatment of moderate to severe acne; as well as Targadox® (doxycycline hyclate), which is an oral doxycycline drug for adjunctive therapy for severe acne. According to our FBIO split history records, Fortress Biotech has had 1 split.
FBIO split history picture
Fortress Biotech (FBIO) has 1 split in our FBIO split history database. The split for FBIO took place on October 10, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of FBIO 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 Fortress Biotech 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 FBIO 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 Fortress Biotech shares, starting with a $10,000 purchase of FBIO, presented on a split-history-adjusted basis factoring in the complete FBIO split history. FBIO split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 03/31/2014
End date: 03/27/2024
Start price/share: $29.70
End price/share: $2.17
Dividends collected/share: $0.00
Total return: -92.69%
Average Annual Total Return: -23.03%
Starting investment: $10,000.00
Ending investment: $730.34
Years: 10.00
Date Ratio
10/10/20231 for 15
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