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Video: What is a Stock Split?
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Graybug Vision is a clinical-stage biopharmaceutical company focused on developing transformative medicines for the treatment of diseases of the retina and optic nerve. Co.'s product candidate, GB-102, is an intravitreal injection of a microparticle depot formulation of sunitinib, a potent inhibitor of neovascular growth and permeability, which are causes of retinal disease. Co.'s second product candidate, GB-401, is an intravitreally administered, proprietary implant formulation containing a prodrug of a beta-adrenergic receptor inhibitor developed to provide a controlled release of the active drug to maintain reduced intraocular pressure, for six months or longer after a single injection. According to our GRAY split history records, GRAY has had 1 split. | |
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GRAY (GRAY) has 1 split in our GRAY split history database. The split for GRAY took place on March 20, 2023. This was a 1 for 14 reverse split, meaning for each 14 shares of GRAY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 71.4285714285714 share position following the split.
When a company such as GRAY 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 GRAY split history from start to finish, an original position size of 1000 shares would have turned into 71.4285714285714 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GRAY shares, starting with a $10,000 purchase of GRAY, presented on a split-history-adjusted basis factoring in the complete GRAY split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/28/2020 |
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End date: |
03/20/2023 |
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Start price/share: |
$224.84 |
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End price/share: |
$5.50 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.55% |
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Average Annual Total Return: |
-77.68% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$244.73 |
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Years: |
2.47 |
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Date |
Ratio |
03/20/2023 | 1 for 14 |
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