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 Video: What is a Stock Split?
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| Greenway Medical Technologies provides information technology solutions and managed business services to healthcare providers, through its PrimeSUITE platform, an application with electronic health record, management and functionality, which include: PrimeEXCHANGE, an engine facilitates data exchange between physician practices and the healthcare and stakeholder community; PrimePATIENT, a patient web portal; PrimeDATACLOUD, a care portal; PrimeMOBILE, a provider of information through mobile; Greenway Clearinghouse, a provider of a clearinghouse for claims; PrimeSPEECH, a provider of embedded speech; and PrimeIMAGE, a provider of digital imagery and data capture within the patient's chart. According to our GWAY split history records, GWAY has had 1 split. | |
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GWAY (GWAY) has 1 split in our GWAY split history database. The split for GWAY took place on September 22, 1994. This was a 1 for 5
reverse split, meaning for each 5
shares of GWAY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as GWAY conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the GWAY split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GWAY shares, starting with a $10,000 purchase of GWAY, presented on a split-history-adjusted basis factoring in the complete GWAY split history.
GWAY -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 09/22/1994 | 1 for 5
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