Split History
| Home |
| Free Dividend Report |
| Stock Splits Calendar |
| DRRX Stock Split History |
| Preferred Stock Newsletter |
| DRRX Options Chain |
| Stock Message Boards |
DRRX (DRRX) has 1 split in our DRRX split history database. The split for DRRX took place on December 06, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of DRRX 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 DRRX 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 DRRX 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 DRRX shares, starting with a $10,000 purchase of DRRX, presented on a split-history-adjusted basis factoring in the complete DRRX split history.
|
Growth of $10,000.00 Without Dividends Reinvested |
||
| Start date: | 05/17/2016 | |
| End date: | 09/11/2025 | |
| Start price/share: | $11.60 | |
| End price/share: | $1.91 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -83.53% | |
| Average Annual Total Return: | -17.59% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $1,645.99 | |
| Years: | 9.33 | |
 |
| About DRRX |
| DURECT Corporation is a late-stage biopharmaceutical company pioneering the development of epigenetic therapies that target dysregulated deoxyribonucleic acid (DNA) methylation to transform the treatment of serious and life-threatening conditions, including acute organ injury and cancer. Larsucosterol is in clinical development for the potential treatment of alcohol-associated hepatitis, for which U.S. Food and Drug Administration (FDA) has granted a Fast Track Designation; metabolic dysfunction-associated steatohepatitis is also being explored. According to our DRRX split history records, DRRX has had 1 split. |
| DRRX Split History Table | |
| Date | Ratio |
| 12/06/2022 | 1 for 10 |
| Healthcare Stock Splits |
| DRRX is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
DSCI Split History Also explore: DRRX shares outstanding history
|
Free DRRX Email Alerts:
