Oct 30, 2013
1:8
For every 8 shares held, investors received 1. The price per share adjusted from $0.40 to $3.20.
The split itself did not change the total investment value.
ARNO THERAPEUTICS INC (OTC:ARNI) operates in the Pharmaceuticals: major industry.
ARNO THERAPEUTICS INC company overviewARNO THERAPEUTICS INC's most recent stock split was on October 30, 2013. It was a 1-for-8 reverse split, so shareholders received 1 share for every 8 they held.
ARNO THERAPEUTICS INC (OTC:ARNI) has split its stock 2 times: a 1-for-3 reverse split on May 9, 2008 and a 1-for-8 reverse split on October 30, 2013.
ARNO THERAPEUTICS INC has split its stock 2 times. This history records 2 reverse splits between May 9, 2008 and October 30, 2013.
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 ARNO THERAPEUTICS INC's 1-for-8 reverse split on October 30, 2013, every 8 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.
ARNO THERAPEUTICS INC has not announced a new split in our records. Its most recent split was on October 30, 2013, 12 years ago. Companies announce splits in advance, and any new OTC:ARNI split will appear on this page.