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Molecular Templates is a clinical-stage oncology company focused on the discovery and development of biologic therapeutic for cancer. Co. utilizes its biologic drug platform to design and generate engineered toxin bodies (ETBs). MT-3724 is an ETB specific to the B-cell marker CD20 protein. Co. developed MT-3724 to target and kill cancer cells expressing CD20, a not normally internalizing cell surface receptor, for the treatment of non-Hodgkin's lymphoma. Co. is also developing MT-4019, an ETB candidate that is designed to target CD38-expressing myeloma cancer cells. Additionally, Co. has several other ETB candidates in pre-clinical development targeting both solid and hematological cancers. According to our MTEM split history records, Molecular Templates has had 1 split.
MTEM split history picture
Molecular Templates (MTEM) has 1 split in our MTEM split history database. The split for MTEM took place on August 02, 2017. This was a 1 for 11 reverse split, meaning for each 11 shares of MTEM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 90.9090909090909 share position following the split.

When a company such as Molecular Templates 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 MTEM split history from start to finish, an original position size of 1000 shares would have turned into 90.9090909090909 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Molecular Templates shares, starting with a $10,000 purchase of MTEM, presented on a split-history-adjusted basis factoring in the complete MTEM split history. MTEM split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/20/2009
End date: 07/19/2019
Start price/share: $13.09
End price/share: $7.40
Dividends collected/share: $0.00
Total return: -43.47%
Average Annual Total Return: -5.54%
Starting investment: $10,000.00
Ending investment: $5,654.73
Years: 10.00
Date Ratio
08/02/20171 for 11
MTEM is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:

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