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Video: What is a Stock Split?
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Kitov Pharma is a development-stage pharmaceutical company focused on two operating segments: Oncology, which includes NT219, a therapeutic candidate which is a small molecule that targetst wo signal transduction pathways which are involved in the development of cancer drugresistance mechanisms, and which is in the late pre-clinical stage of development; and Painand Hypertension, which includes Consensi, a combination drug approved by the United States Food and Drug Administration for the simultaneous treatmentof two clinical conditions, pain caused by osteoarthritis and hypertension (high blood pressure), which can be pre-existingor caused by the treatment for osteoarthritis. According to our KTOV stock split history records, KTOV has had 1 split. | |
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KTOV (KTOV) has 1 split in our KTOV stock split history database. The split for KTOV took place on August 21, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of KTOV 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 KTOV 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 KTOV stock 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 KTOV shares, starting with a $10,000 purchase of KTOV, presented on a split-history-adjusted basis factoring in the complete KTOV stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/23/2015 |
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End date: |
12/21/2020 |
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Start price/share: |
$29.90 |
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End price/share: |
$4.17 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-86.05% |
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Average Annual Total Return: |
-32.13% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,394.94 |
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Years: |
5.08 |
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Date |
Ratio |
08/21/2020 | 1 for 10 |
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