Split History
TCON split history picture
TRACON Pharmaceuticals (TCON) has 1 split in our TCON split history database. The split for TCON took place on November 08, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of TCON 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 TRACON Pharmaceuticals 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 TCON 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 TRACON Pharmaceuticals shares, starting with a $10,000 purchase of TCON, presented on a split-history-adjusted basis factoring in the complete TCON split history. TCON split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 02/02/2015
End date: 03/28/2024
Start price/share: $95.00
End price/share: $0.43
Dividends collected/share: $0.00
Total return: -99.55%
Average Annual Total Return: -44.55%
Starting investment: $10,000.00
Ending investment: $45.27
Years: 9.15
TRACON Pharmaceuticals is a biopharmaceutical company. Co. has a collaboration and clinical trial agreement for the development of envafolimab, an investigational PD-L1 single-domain antibody for the treatment of sarcoma in North America. Co.'s other clinical stage oncology product candidates include YH001, which is a monospecific investigational cytotoxic T-lymphocyte-associated protein 4 antibody, TRC102, which is a small molecule that has been studied in Phase 1 and Phase 2 trials for the treatment of mesothelioma, lung cancer, glioblastoma and solid tumors, and TJ004309, which is a CD73 antibody in Phase 1 clinical development for the treatment of solid tumors. According to our TCON split history records, TRACON Pharmaceuticals has had 1 split.
Date Ratio
11/08/20191 for 10
TCON is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:

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TELK Split History
TENX Split History
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TFX Split History
TGTX Split History
TGX Split History
THC Split History
THRX Split History

Also explore: TCON shares outstanding history

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