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|PPHM Stock Split History|
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PPHM (PPHM) has 1 split in our PPHM split history database. The split for PPHM took place on July 10, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of PPHM 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.
When a company such as PPHM 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 PPHM split history from start to finish, an original position size of 1000 shares would have turned into 142.857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PPHM shares, starting with a $10,000 purchase of PPHM, presented on a split-history-adjusted basis factoring in the complete PPHM split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-7.86%|
|Peregrine Pharmaceuticals is a biopharmaceutical company, focused on manufacturing pharmaceutical products through its contract manufacturing business, and licensing its immunotherapy product through its research and development business. Co.'s segments are: Avid, which is Co.'s contract development and manufacturing organization business, engaged in providing current good manufacturing practices services from cell line development to commercial biomanufacturing of molecules; and Peregrine, which is Co.'s research and development business, engaged in developing therapeutics designed to fight cancer by reversing the immunosuppressive environment that tumors establish in order to proliferate. According to our PPHM split history records, PPHM has had 1 split.|
|PPHM Split History Table|
|07/10/2017||1 for 7|
|Healthcare Stock Splits|
|PPHM is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:|