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 Video: What is a Stock Split?
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| Viveve Medical is a holding company. Through its subsidiaries, Co. designs, develops, manufactures and markets a platform medical technology, which it refers to as Cryogen-cooled Monopolar Radiofrequency (CMRF). Co.'s proprietary CMRF technology is delivered through a radiofrequency generator, handpiece and treatment tip, that collectively, Co. refers to as the Viveve® System. The Viveve System is for the non-invasive treatment of vaginal introital laxity, sexual function, vaginal rejuvenation, and stress urinary incontinence depending on the relevant country-specific clearance or approval, that Co. refers to as the Viveve treatment. According to our VIVE split history records, VIVE has had 3 splits. | |
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VIVE (VIVE) has 3 splits in our VIVE split history database. The first split for VIVE took place on April 18, 2016. This was a 1 for 8 reverse split, meaning for each 8 shares of VIVE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split. VIVE's second split took place on September 19, 2019. This was a 1 for 100 reverse split, meaning for each 100 shares of VIVE owned pre-split, the shareholder now owned 1 share. For example, a 125 share position pre-split, became a 1.25 share position following the split. VIVE's third split took place on December 02, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of VIVE owned pre-split, the shareholder now owned 1 share. For example, a 1.25 share position pre-split, became a 0.125 share position following the split.
When a company such as VIVE 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 VIVE split history from start to finish, an original position size of 1000 shares would have turned into 0.125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VIVE shares, starting with a $10,000 purchase of VIVE, presented on a split-history-adjusted basis factoring in the complete VIVE split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
12/01/2023 |
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| Start price/share: |
$360.00 |
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| End price/share: |
$0.00 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-100.00% |
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| Average Annual Total Return: |
-70.18% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$0.06 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/18/2016 | 1 for 8 | | 09/19/2019 | 1 for 100 | | 12/02/2020 | 1 for 10 |
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