|Free Dividend Report|
|GASX Dividend History|
|GASX Stock Split History|
|Preferred Stock Newsletter|
|GASX Options Chain|
|Stock Message Boards|
GASX (GASX) has 3 splits in our GASX split history database. The first split for GASX took place on August 20, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of GASX 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. GASX's second split took place on August 25, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of GASX owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 62.5 share position following the split. GASX's third split took place on March 27, 2020. This was a 10 for 1 split, meaning for each share of GASX owned pre-split, the shareholder now owned 10 shares. For example, a 62.5 share position pre-split, became a 625 share position following the split.
When a company such as GASX 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. When a company such as GASX 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 GASX split history from start to finish, an original position size of 1000 shares would have turned into 625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GASX shares, starting with a $10,000 purchase of GASX, presented on a split-history-adjusted basis factoring in the complete GASX split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-0.15%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-0.39%|
|Direxion Shares Exchange Traded Fund Trust - China Bear 3X Cl is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to The Bank of New York Mellon China Select ADR® Index. As of Oct 31 2015, the Fund's total assets were $127,846,779 and the Fund's investments portfolio was valued at $72,430,681. According to our GASX split history records, GASX has had 3 splits.|
|GASX Split History Table|
|08/20/2013||1 for 4|
|08/25/2016||1 for 4|
|03/27/2020||10 for 1|
|Financials Stock Splits|
|GASX is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|
GASX Split History | www.SplitHistory.com | Copyright © 2013 - 2023, All Rights ReservedNothing in www.SplitHistory.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. Split history database is not guaranteed to be complete or free of errors. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and market videos powered by Market News Video. Quote and option data delayed at least 15 minutes; stock quote data powered by Ticker Technologies, and Mergent.
Want to receive our latest research absolutely free?
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.