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Video: What is a Stock Split?
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PaxMedica is a clinical stage biopharmaceutical company focused on the development of drug candidates for the treatment of autism spectrum disorder (ASD), Fragile X tremor-ataxia syndrome (FXTAS) and Human African Trypanosomiasis (HAT). According to our PXMD split history records, PaxMedica has had 1 split. | |
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PaxMedica (PXMD) has 1 split in our PXMD split history database. The split for PXMD took place on October 31, 2023. This was a 1 for 17 reverse split, meaning for each 17 shares of PXMD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 58.8235294117647 share position following the split.
When a company such as PaxMedica 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 PXMD split history from start to finish, an original position size of 1000 shares would have turned into 58.8235294117647 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PaxMedica shares, starting with a $10,000 purchase of PXMD, presented on a split-history-adjusted basis factoring in the complete PXMD split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/29/2022 |
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End date: |
04/30/2024 |
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Start price/share: |
$62.05 |
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End price/share: |
$0.74 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.80% |
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Average Annual Total Return: |
-92.91% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$119.99 |
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Years: |
1.67 |
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Date |
Ratio |
10/31/2023 | 1 for 17 |
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