3.13
price down icon1.88%   -0.06
after-market  After Hours:  3.12  -0.010   -0.32%
loading

Palatin Technologies Inc. (PTN) Stock Split History

Palatin Technologies Inc. has split its stock 4 times since its initial public offering (IPO). The first stock split occurred on July 22, 1996 with the ratio of 1-for-10, meaning that for 10 shares of PTN owned pre-split, shareholders then owned 1 share. 3 more splits have been implemented since then. The most recent stock split took place on August 31, 2022 on a 1-for-25 basis.

These splits have increased PTN stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Palatin Technologies Inc.'s total market capitalization.

For more detailed information of Palatin Technologies Inc.'s stock splits, view the table below:

PTN stock split list

Date Split Ratio
2022-08-31 1 - for - 25
2010-09-27 1 - for - 10
1997-09-08 1 - for - 4
1996-07-22 1 - for - 10

Will Palatin Technologies Inc. Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. Palatin Technologies Inc. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PTN stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Palatin Technologies Inc.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol Latest Split Date Split Ratio
NVO 2023-09-20 2 - for - 1
VRTX 2000-08-24 2 - for - 1
GMAB 2018-05-01 5 - for - 1
INCY 2000-09-01 2 - for - 1
SRPT 2012-07-12 1 - for - 6
TECH 2022-11-30 4 - for - 1
UTHR 2009-09-23 2 - for - 1
$155.10
price up icon 0.86%
$91.24
price up icon 1.41%
$29.16
price up icon 0.17%
$157.65
price down icon 3.17%
$93.97
price up icon 0.43%
$409.52
price up icon 0.86%
Cap:     |  Volume (24h):