Split History
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SPEX (SPEX) has 3 splits in our SPEX split history database. The first split for SPEX took place on September 24, 2012. This was a 1 for 20 reverse split, meaning for each 20 shares of SPEX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. SPEX's second split took place on March 04, 2016. This was a 1 for 19 reverse split, meaning for each 19 shares of SPEX owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 2.63157894736842 share position following the split. SPEX's third split took place on May 10, 2019. This was a 235 for 1000 reverse split, meaning for each 1000 shares of SPEX owned pre-split, the shareholder now owned 235 shares. For example, a 2.63157894736842 share position pre-split, became a 0.618421052631579 share position following the split.
When a company such as SPEX 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 SPEX split history from start to finish, an original position size of 1000 shares would have turned into 0.618421052631579 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPEX shares, starting with a $10,000 purchase of SPEX, presented on a split-history-adjusted basis factoring in the complete SPEX split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | |
| End date: | 03/16/2020 | |
| Start price/share: | $137.45 | |
| End price/share: | $1.63 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -98.81% | |
| Average Annual Total Return: | -52.91% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $118.66 | |
| Years: | 5.89 | |
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| About SPEX |
| Spherix is a biotechnology company seeking to develop small-molecule anti-cancer therapeutics. Co. owns the rights to patented technology from universities and researchers and it is in the process of developing therapeutic drugs through partnerships with educational institutions. Co.'s pipeline of therapeutics includes therapies for pancreatic cancer, acute myeloid leukemia (AML) and acute lymphoblastic leukemia (ALL). Co.'s AML and ALL compounds are targeted therapeutics designed to overcome various resistance mechanisms observed with the existing standard of care. DHA-dFdC, Co.'s pancreatic drug, is a compound poised to become the chemotherapy treatment for pancreatic cancer. According to our SPEX split history records, SPEX has had 3 splits. |
| SPEX Split History Table | |
| Date | Ratio |
| 09/24/2012 | 1 for 20 |
| 03/04/2016 | 1 for 19 |
| 05/10/2019 | 235 for 1000 |
| Financials Stock Splits |
| SPEX is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
SPG Split History Also explore: SPEX shares outstanding history
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