Wasn't sure if board allows posting this, so posting it separately from the link in previous post. Please accept this in a neutral light; most of you are probably already aware of the stats, but I was amazed to find when speaking to another investor with a sizable investment in this holding she was blind to any split history (obviously not a very seasoned investor) so just passing along in that light as a quick resource for all. I am positive on the company & future share price personally...
NWBO split history picture
NWBO (NWBO) has 2 splits in our NWBO split history database. The first split for NWBO took place on June 28, 2007. This was a 1 for 15 reverse split, meaning for each 15 shares of NWBO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. NWBO's second split took place on September 26, 2012. This was a 1 for 16 reverse split, meaning for each 16 shares of NWBO owned pre-split, the shareholder now owned 1 share. For example, a 66.6666666666667 share position pre-split, became a 4.16666666666667 share position following the split.
When a company such as NWBO 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 NWBO split history from start to finish, an original position size of 1000 shares would have turned into 4.16666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NWBO shares, starting with a $10,000 purchase of NWBO, presented on a split-history-adjusted basis factoring in the complete NWBO split history. NWBO split adjusted history picture
Growth of $10,000.00
Without Dividends Reinvested
NWBO split-adjusted CAGR
Start date: 01/13/2011
End date: 01/12/2021
Start price/share: $10.56
End price/share: $1.43
Dividends collected/share: $0.00
Total return: -86.46%
Average Annual Total Return: -18.11%
Starting investment: $10,000.00
Ending investment: $1,354.67
Years: 10.01
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