Jul 25, 2016
1:35
For every 35 shares held, investors received 1. The price per share adjusted from $0.34 to $12.01.
The split itself did not change the total investment value.
Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) operates in the Pharmaceuticals: major industry.
Madrigal Pharmaceuticals, Inc. company overviewMadrigal Pharmaceuticals, Inc.'s most recent stock split was on July 25, 2016. It was a 1-for-35 reverse split, so shareholders received 1 share for every 35 they held.
Madrigal Pharmaceuticals, Inc. has split its stock once. This history records one reverse split, on July 25, 2016.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Madrigal Pharmaceuticals, Inc.'s 1-for-35 reverse split on July 25, 2016, every 35 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Madrigal Pharmaceuticals, Inc. has not announced a new split in our records. Its most recent split was on July 25, 2016, 10 years ago. Companies announce splits in advance, and any new NASDAQ:MDGL split will appear on this page.