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 Video: What is a Stock Split?
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| Cartesian Growth is a blank check company newly incorporated formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. According to our GLBL split history records, GLBL has had 3 splits. | |
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GLBL (GLBL) has 3 splits in our GLBL split history database. The first split for GLBL took place on February 01, 1996. This was a 2 for 1
split, meaning for each share of GLBL owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. GLBL's second split took place on August 29, 1996. This was a 2 for 1
split, meaning for each share of GLBL owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. GLBL's third split took place on October 28, 1997. This was a 2 for 1
split, meaning for each share of GLBL owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as GLBL splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the GLBL split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GLBL shares, starting with a $10,000 purchase of GLBL, presented on a split-history-adjusted basis factoring in the complete GLBL split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/27/2021 |
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| End date: |
01/03/2023 |
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| Start price/share: |
$9.74 |
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| End price/share: |
$10.33 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
6.00% |
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| Average Annual Total Return: |
3.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,599.50 |
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| Years: |
1.69 |
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| Date |
Ratio |
| 02/01/1996 | 2 for 1
| | 08/29/1996 | 2 for 1
| | 10/28/1997 | 2 for 1
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