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 Video: What is a Stock Split?
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| Engaged in developing manufacturing and marketing a variety of healthy cheese and dairy-related products as well as other cheese alternatives and is a producer of dairy alternative products made with soy. According to our GXY split history records, GXY has had 1 split. | |
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GXY (GXY) has 1 split in our GXY split history database. The split for GXY took place on February 12, 1999. This was a 1 for 7
reverse split, meaning for each 7
shares of GXY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split.
When a company such as GXY 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 GXY split history from start to finish, an original position size of 1000 shares would have turned into 142.857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GXY shares, starting with a $10,000 purchase of GXY, presented on a split-history-adjusted basis factoring in the complete GXY split history.
GXY -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 02/12/1999 | 1 for 7
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