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GAI (GAI) has 1 split in our GAI split history database. The split for GAI took place on December 11, 2008. This was a 1 for 4 reverse split, meaning for each 4 shares of GAI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as GAI 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 GAI split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GAI shares, starting with a $10,000 purchase of GAI, presented on a split-history-adjusted basis factoring in the complete GAI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-1.48%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-1.59%|
|Global-Tech Advanced Innovations is an investment holding company. Co. operates in two business segments: Electronic Components and others. The Electronic Components segment develops and sells higher pixel count camera modules (CCM's). The Others segment is comprised of a number of product lines/units, which individually are not yet material and have not met the quantitative thresholds for a reportable segment, and development programs that have not materialized into full product businesses. According to our GAI split history records, GAI has had 1 split.|
|GAI Split History Table|
|12/11/2008||1 for 4|
|Technology Stock Splits|
|GAI is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|