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Video: What is a Stock Split?
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Satsuma Pharmaceuticals is a clinical-stage biopharmaceutical company developing a therapeutic product for the acute treatment of migraine. Co.'s product candidate, STS101, is a drug-device combination of a proprietary dry-powder formulation of dihydroergotamine mesylate, which is designed to be self-administered with a proprietary pre-filled, single-use, nasal delivery device. Co.'s development plan for STS101 included a completed Phase 1 trial; a Phase 3 efficacy trial (the SUMMIT trial), which is ongoing; and continuation of the open-label, Phase 3 long-term safety trial of STS101 (the ASCEND trial). According to our STSA split history records, STSA has had 6 splits. | |
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STSA (STSA) has 6 splits in our STSA split history database. The first split for STSA took place on November 02, 2000. This was a 11 for 10 split, meaning for each 10 shares of STSA owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. STSA's second split took place on November 06, 2001. This was a 11 for 10 split, meaning for each 10 shares of STSA owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. STSA's third split took place on May 01, 2002. This was a 11 for 10 split, meaning for each 10 shares of STSA owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. STSA's 4th split took place on May 01, 2003. This was a 11 for 10 split, meaning for each 10 shares of STSA owned pre-split, the shareholder now owned 11 shares. For example, a 1331 share position pre-split, became a 1464.1 share position following the split. STSA's 5th split took place on May 06, 2004. This was a 11 for 10 split, meaning for each 10 shares of STSA owned pre-split, the shareholder now owned 11 shares. For example, a 1464.1 share position pre-split, became a 1610.51 share position following the split. STSA's 6th split took place on September 01, 2005. This was a 3 for 2 split, meaning for each 2 shares of STSA owned pre-split, the shareholder now owned 3 shares. For example, a 1610.51 share position pre-split, became a 2415.765 share position following the split.
When a company such as STSA 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 STSA split history from start to finish, an original position size of 1000 shares would have turned into 2415.765 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into STSA shares, starting with a $10,000 purchase of STSA, presented on a split-history-adjusted basis factoring in the complete STSA split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/16/2019 |
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End date: |
06/08/2023 |
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Start price/share: |
$15.78 |
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End price/share: |
$1.10 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-93.03% |
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Average Annual Total Return: |
-51.05% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$696.88 |
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Years: |
3.73 |
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Date |
Ratio |
11/02/2000 | 11 for 10 | 11/06/2001 | 11 for 10 | 05/01/2002 | 11 for 10 | 05/01/2003 | 11 for 10 | 05/06/2004 | 11 for 10 | 09/01/2005 | 3 for 2 |
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