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GOK (GOK) has 2 splits in our GOK split history database. The first split for GOK took place on November 06, 2006. GOK's second split took place on November 10, 2006. This was a 1 for 10 reverse split, meaning for each 10 shares of GOK 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 GOK 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 GOK 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 GOK shares, starting with a $10,000 purchase of GOK, presented on a split-history-adjusted basis factoring in the complete GOK split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-73.09%|
|Geokinetics is a provider of seismic data acquisition, processing and interpretation services to the oil and natural gas industry. Co. provides a suite of geophysical services including acquisition of two-dimensional, three-dimensional, time-lapse four-dimensional and multi-component seismic data surveys, data processing and interpretation services and other geophysical services. Co. also owns a multi-client data library whereby it maintains ownership of data acquired for future licensing. Co. has two reportable segments: seismic data acquisition (including North American seismic data acquisition and international seismic data acquisition); and seismic data processing and interpretation. According to our GOK split history records, GOK has had 2 splits.|
|GOK Split History Table|
|11/06/2006||1 for 1|
|11/10/2006||1 for 10|
|Technology Stock Splits|
|GOK is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|