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Video: What is a Stock Split?
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Forte Biosciences is a biopharmaceutical company that is developing through preclinical trials its product candidate, FB-102, which is a proprietary therapeutic molecule with potentially autoimmune applications in such indications as graft-versus-host disease, vitiligo and alopecia areata. According to our FBRX split history records, Forte Biosciences has had 1 split. | |
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Forte Biosciences (FBRX) has 1 split in our FBRX split history database. The split for FBRX took place on June 16, 2020. This was a 1 for 15 reverse split, meaning for each 15 shares of FBRX 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 Forte Biosciences 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 FBRX 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 Forte Biosciences shares, starting with a $10,000 purchase of FBRX, presented on a split-history-adjusted basis factoring in the complete FBRX split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/18/2017 |
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End date: |
04/25/2024 |
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Start price/share: |
$209.40 |
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End price/share: |
$0.74 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.65% |
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Average Annual Total Return: |
-55.24% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$35.29 |
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Years: |
7.02 |
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Date |
Ratio |
06/16/2020 | 1 for 15 |
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