Split History
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OREX (OREX) has 2 splits in our OREX split history database. The first split for OREX took place on October 03, 1995. This was a 2 for 1 split, meaning for each share of OREX owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. OREX's second split took place on July 12, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of OREX owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 200 share position following the split.
When a company such as OREX splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as OREX 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 OREX split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into OREX shares, starting with a $10,000 purchase of OREX, presented on a split-history-adjusted basis factoring in the complete OREX split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | |
| End date: | 04/03/2018 | |
| Start price/share: | $57.00 | |
| End price/share: | $0.22 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -99.61% | |
| Average Annual Total Return: | -75.50% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $38.62 | |
| Years: | 3.95 | |
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| About OREX |
| Orexigen Therapeutics is a biopharmaceutical company focused on the treatment of obesity. Co.'s sole product, Contrave® (naltrexone HCl/bupropion HCl prolonged release), is an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in adults with an initial body mass index of 30 kg/m2 or greater (obese), or 27 kg/m2 or greater (overweight) in the presence of at least one weight-related comorbid condition. Contrave is a combination of generic drug components, each of which has already received regulatory approval for other indications and has been commercialized in the U.S. and in several of the member countries of the European Union. According to our OREX split history records, OREX has had 2 splits. |
| OREX Split History Table | |
| Date | Ratio |
| 10/03/1995 | 2 for 1 |
| 07/12/2016 | 1 for 10 |
| Healthcare Stock Splits |
| OREX is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
OXBT Split History
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