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Rockwell Medical (RMTI) has 1 split in our RMTI split history database. The split for RMTI took place on May 13, 2022. This was a 1 for 11 reverse split, meaning for each 11 shares of RMTI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 90.9090909090909 share position following the split.
When a company such as Rockwell Medical 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 RMTI split history from start to finish, an original position size of 1000 shares would have turned into 90.9090909090909 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Rockwell Medical shares, starting with a $10,000 purchase of RMTI, presented on a split-history-adjusted basis factoring in the complete RMTI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-32.23%|
|About Rockwell Medical|
|Rockwell Medical is a commercial-stage, biopharmaceutical company developing and commercializing its parenteral iron technology platform, Ferric Pyrophosphate Citrate (FPC). Co. is also a supplier of hemodialysis concentrate products to kidney dialysis clinics in the U.S. Co. has two therapies, Triferic and Triferic AVNU, which are developed from its FPC platform. Co. markets both products to kidney dialysis centers for their patients receiving dialysis. Co. has filed an Investigational New Drug Application to conduct a Phase II trial for the treatment of iron deficiency anemia in patients outside of dialysis, who are receiving intravenous medications in the home infusion setting. According to our RMTI split history records, Rockwell Medical has had 1 split.|
|RMTI Split History Table|
|05/13/2022||1 for 11|
|Healthcare Stock Splits|
|RMTI is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: RMTI shares outstanding history