Galmed Pharmaceuticals Ltd (GLMD) Stock Split History

Galmed Pharmaceuticals Ltd has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on May 15, 2023 with the ratio of 1-for-15, meaning that for 15 shares of GLMD owned pre-split, shareholders then owned 1 share. The most recent stock split took place on August 30, 2024 on a 1-for-12 basis.

These actions have increased GLMD stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Galmed Pharmaceuticals Ltd's total market capitalization.

For more detailed information of Galmed Pharmaceuticals Ltd's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Galmed Pharmaceuticals Ltd has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when GLMD stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Galmed Pharmaceuticals Ltd's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.