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GRAVITY (GRVY) has 2 splits in our GRVY split history database. The first split for GRVY took place on May 11, 2015. This was a 1 for 8 reverse split, meaning for each 8 shares of GRVY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split. GRVY's second split took place on August 28, 2018. This was a 2 for 1 split, meaning for each share of GRVY owned pre-split, the shareholder now owned 2 shares. For example, a 125 share position pre-split, became a 250 share position following the split.
When a company such as GRAVITY 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 GRAVITY 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 GRVY 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 GRAVITY shares, starting with a $10,000 purchase of GRVY, presented on a split-history-adjusted basis factoring in the complete GRVY split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||15.12%|
|Gravity is engaged in the development and distribution of online games in Japan, Thailand, and Taiwan. Co. offers seven online games worldwide. Co.'s principal product, Ragnarok Online, is offered in the Republic of Korea (the "ROK") and 77 other countries. Ragnarok Online II is commercially offered globally except for China. R.O.S.E. Online is commercially offered in the United States, Canada, Mexico and 40 other countries. Dragonica is commercially offered globally except for Taiwan, Hong Kong and Macau. Co. also offers a number of mobile games, console games and a game for Internet protocol television, and license the merchandizing rights of character-related products. According to our GRVY split history records, GRAVITY has had 2 splits.|
|GRVY Split History Table|
|05/11/2015||1 for 8|
|08/28/2018||2 for 1|
|Technology Stock Splits|
|GRVY is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|