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Glowpoint (GLOW) has 1 split in our GLOW split history database. The split for GLOW took place on April 18, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of GLOW owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Glowpoint 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 GLOW split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Glowpoint shares, starting with a $10,000 purchase of GLOW, presented on a split-history-adjusted basis factoring in the complete GLOW split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-14.74%|
|Glowpoint is a managed service provider of video collaboration and network applications. Co.'s services are designed to provide a suite of automated and concierge applications to expedite the adoption of video as the primary means of collaboration. Co.'s services include: video collaboration services, including its managed videoconferencing, JoinMyVideo, hybrid videoconferencing, video meeting suites, and webcasting events; remote service management, including its resolve - total support service, helpdesk, and proactive monitoring; network services, including its Cloud Connect: Video, Cloud Connect: Converge, and Cloud Connect: Cross Connect; and other services such as onsite support. According to our GLOW split history records, Glowpoint has had 1 split.|
|GLOW Split History Table|
|04/18/2019||1 for 10|
|Technology Stock Splits|
|GLOW is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|