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Video: What is a Stock Split?
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Rain Oncology is a late-stage precision oncology company developing therapies that target oncogenic drivers for which Co. is able to genetically select patients most likely to benefit. Co.'s primary product candidate, milademetan, is a small molecule, oral inhibitor of mouse double minute 2, which may be oncogenic in various cancers. In addition to milademetan, Co. is also developing a preclinical program that is focused on inducing synthetic lethality in cancer cells by inhibiting RAD52. According to our RAIN split history records, Rain Oncology has had 2 splits. | |
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Rain Oncology (RAIN) has 2 splits in our RAIN split history database. The first split for RAIN took place on July 02, 1996. This was a 3 for 2
split, meaning for each 2
shares of RAIN owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. RAIN's second split took place on January 16, 1998. This was a 3 for 2
split, meaning for each 2
shares of RAIN owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Rain Oncology splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the RAIN split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Rain Oncology shares, starting with a $10,000 purchase of RAIN, presented on a split-history-adjusted basis factoring in the complete RAIN split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/26/2021 |
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End date: |
01/26/2024 |
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Start price/share: |
$15.40 |
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End price/share: |
$1.21 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-92.14% |
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Average Annual Total Return: |
-60.30% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$785.78 |
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Years: |
2.75 |
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Date |
Ratio |
07/02/1996 | 3 for 2
| 01/16/1998 | 3 for 2
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