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Video: What is a Stock Split?
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Sun BioPharma is engaged in advancing the commercial development of a proprietary polyamine analogue for pancreatic cancer. Co. has exclusively licensed the worldwide rights to this compound, which has been designated as SBP-101, from the University of Florida Research Foundation, Inc. Co.'s product candidate, SBP-101, is a proprietary polyamine analogue designed to induce polyamine metabolic inhibition, a metabolic pathway of critical importance in multiple tumor types. According to our SNBP split history records, SNBP has had 2 splits. | |
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SNBP (SNBP) has 2 splits in our SNBP split history database. The first split for SNBP took place on December 08, 2017. SNBP's second split took place on November 08, 2017. This was a 1 for 10 reverse split, meaning for each 10 shares of SNBP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as SNBP 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 SNBP split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SNBP shares, starting with a $10,000 purchase of SNBP, presented on a split-history-adjusted basis factoring in the complete SNBP split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/04/2017 |
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End date: |
12/01/2020 |
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Start price/share: |
$15.00 |
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End price/share: |
$3.45 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-77.00% |
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Average Annual Total Return: |
-31.33% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2,300.52 |
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Years: |
3.91 |
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Date |
Ratio |
12/08/2017 | 1 for 1 | 11/08/2017 | 1 for 10 |
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