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Video: What is a Stock Split?
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Synlogic is a clinical-stage biopharmaceutical company applying synthetic biology to the discovery and development of synthetic biotic. Co.'s pipeline includes: SYNB1934, which is an orally administered, non-systemically absorbed drug candidate based on a genetically engineered form of the probiotic E. coli Nissle; SYNB1353, which is a drug candidate designed to consume methionine, in the gastrointestinal (GI) tract thereby lowering homocysteine levels in patients with homocystinuria; SYNB8802, which is being developed for the treatment of enteric hyperoxaluria, a chronic, progressive disease; and SYNB2081, which is a synthetic biotic designed to consume uric acid in the GI tract. According to our Synlogic stock split history records, Synlogic has had 2 splits. | |
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Synlogic (SYBX) has 2 splits in our Synlogic stock split history database. The first split for SYBX took place on August 28, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of SYBX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split. SYBX's second split took place on September 28, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of SYBX owned pre-split, the shareholder now owned 1 share. For example, a 142.857142857143 share position pre-split, became a 9.52380952380952 share position following the split.
When a company such as Synlogic 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 Synlogic stock split history from start to finish, an original position size of 1000 shares would have turned into 9.52380952380952 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Synlogic shares, starting with a $10,000 purchase of SYBX, presented on a split-history-adjusted basis factoring in the complete Synlogic stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/01/2015 |
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End date: |
03/27/2024 |
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Start price/share: |
$740.25 |
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End price/share: |
$1.78 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.76% |
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Average Annual Total Return: |
-50.84% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$24.03 |
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Years: |
8.49 |
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Date |
Ratio |
08/28/2017 | 1 for 7 | 09/28/2023 | 1 for 15 |
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