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Video: What is a Stock Split?
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Kineta is a biopharmaceutical company focused on the discovery and development of disease-modifying therapies for neurodegenerative diseases. Co.'s primary program, YTX-7739, is in development for the potential treatment and disease modification of Parkinson's disease. YTX-7739 targets an enzyme known as stearoyl-CoA desaturase (SCD). Inhibition of SCD in multiple cellular systems, including patient-derived neurons, as well as in a mouse model of Parkinson's disease, has been demonstrated to reverse the toxicity of misfolded alpha-synuclein, a protein strongly associated with Parkinson's disease. According to our KA split history records, KA has had 1 split. | |
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KA (KA) has 1 split in our KA split history database. The split for KA took place on December 19, 2022. This was a 1 for 7 reverse split, meaning for each 7 shares of KA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split.
When a company such as KA 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 KA split history from start to finish, an original position size of 1000 shares would have turned into 142.857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into KA shares, starting with a $10,000 purchase of KA, presented on a split-history-adjusted basis factoring in the complete KA split history.

Growth of $10,000.00
With Dividends Reinvested
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Start date: |
02/12/2016 |
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End date: |
09/18/2024 |
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Start price/share: |
$43.26 |
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End price/share: |
$0.57 |
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Starting shares: |
231.16 |
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Ending shares: |
698.62 |
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Dividends reinvested/share: |
$10.01 |
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Total return: |
-95.98% |
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Average Annual Total Return: |
-31.18% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$401.70 |
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Years: |
8.60 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/12/2016 |
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End date: |
09/18/2024 |
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Start price/share: |
$43.26 |
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End price/share: |
$0.57 |
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Dividends collected/share: |
$10.01 |
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Total return: |
-75.53% |
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Average Annual Total Return: |
-15.10% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2,445.75 |
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Years: |
8.60 |
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Date |
Ratio |
12/19/2022 | 1 for 7 |
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