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Video: What is a Stock Split?
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TransCode Therapeutics is a biopharmaceutical company focused primarily on developing and commercializing drugs and diagnostics for treating and identifying metastatic disease. Co.'s primary therapeutic candidate, TTX-MC138, targets microRNA-10b, a master regulator of metastatic cell viability in a range of cancers, including breast, pancreatic, ovarian, colon cancer, glioblastomas, and others. Co.'s other preclinical programs include two solid tumor programs: TTX-siPDL1, a small interfering RNA (siRNA)-based modulator of programmed death-ligand 1; and TTX-siLIN28B, an siRNA-based inhibitor of RNA-binding protein LIN28B. According to our RNAZ split history records, TransCode Therapeutics has had 2 splits. | |
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TransCode Therapeutics (RNAZ) has 2 splits in our RNAZ split history database. The first split for RNAZ took place on May 23, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of RNAZ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. RNAZ's second split took place on January 16, 2024. This was a 1 for 40 reverse split, meaning for each 40 shares of RNAZ owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 1.25 share position following the split.
When a company such as TransCode Therapeutics 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 RNAZ split history from start to finish, an original position size of 1000 shares would have turned into 1.25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TransCode Therapeutics shares, starting with a $10,000 purchase of RNAZ, presented on a split-history-adjusted basis factoring in the complete RNAZ split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/09/2021 |
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End date: |
04/26/2024 |
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Start price/share: |
$4,232.00 |
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End price/share: |
$0.55 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.99% |
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Average Annual Total Return: |
-95.91% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1.30 |
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Years: |
2.80 |
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Date |
Ratio |
05/23/2023 | 1 for 20 | 01/16/2024 | 1 for 40 |
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