Think about this: our CYDY and GILD! The modern split adjustment is interesting.Because Gilead has split its stock multiple times over its history—resulting in a 32:1 rolling split multiple—the pricing looks vastly different depending on how you view it:
• Original (Unadjusted) Price: On the day of the IPO, an investor would have paid the actual face value of $20.16 per share on the open market.
• Modern (Split-Adjusted) Price: When factoring in all historical splits to compare past performance to today's share value, the opening price is tracked retroactively at roughly $0.37 to $0.63 per share.
If the FDA approves us, we put GILD out of business.
The Math & Stock Split History
This massive growth results from compounding stock value and five consecutive 2-for-1 stock splits. Every 2-for-1 split doubles your share count, turning 1 original share into 32 shares today:
• February 22, 2001: 2-for-1 split
• March 8, 2002: 2-for-1 split
• September 7, 2004: 2-for-1 split
• June 25, 2007: 2-for-1 split
• January 28, 2013: 2-for-1 split
Scenario A: Buying at the $15.00 IPO Price
1. Initial Purchase: $100,000 / $15.00 = 6,666.67 shares
2. After All Splits (32x): 6,666.67 × 32 = 213,333.44 shares
3. Current Value: 213,333.44 shares × $153.54 = $32,755,200
Scenario B: Buying at the $20.16 Day-One Market Price
1. Initial Purchase: $100,000 / $20.16 = 4,960.32 shares
2. After All Splits (32x): 4,960.32 × 32 = 158,730.24 shares
3. Current Value: 158,730.24 shares × $153.54 = $24,371,428
• Original (Unadjusted) Price: On the day of the IPO, an investor would have paid the actual face value of $20.16 per share on the open market.
• Modern (Split-Adjusted) Price: When factoring in all historical splits to compare past performance to today's share value, the opening price is tracked retroactively at roughly $0.37 to $0.63 per share.
If the FDA approves us, we put GILD out of business.
The Math & Stock Split History
This massive growth results from compounding stock value and five consecutive 2-for-1 stock splits. Every 2-for-1 split doubles your share count, turning 1 original share into 32 shares today:
• February 22, 2001: 2-for-1 split
• March 8, 2002: 2-for-1 split
• September 7, 2004: 2-for-1 split
• June 25, 2007: 2-for-1 split
• January 28, 2013: 2-for-1 split
Scenario A: Buying at the $15.00 IPO Price
1. Initial Purchase: $100,000 / $15.00 = 6,666.67 shares
2. After All Splits (32x): 6,666.67 × 32 = 213,333.44 shares
3. Current Value: 213,333.44 shares × $153.54 = $32,755,200
Scenario B: Buying at the $20.16 Day-One Market Price
1. Initial Purchase: $100,000 / $20.16 = 4,960.32 shares
2. After All Splits (32x): 4,960.32 × 32 = 158,730.24 shares
3. Current Value: 158,730.24 shares × $153.54 = $24,371,428
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