I am curious to know how stock market splits (and reverse splits) affect the way that the markets show their data and charts?
IMUC was reverse split 40:1 on November 2017. The historical data seems to show all historical prices as adjusted to after the reverse split. Is that appropriate to think about the stock's value in such manner?
I am asking because back in August 2016, IMUC was worth $0.07. It got the reverse split on November 18 2016, and the table shows the price to be $2.80, which makes sense because 2.80 divided by 40 is 0.07. Now that the company is struggling, today's price is around $0.33. Will that be a correct way of thinking that the actual "value" is around $0.33 / 40 = $0.008?