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Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility.

The $5 and $10 pricepoints tend to be important in this regard. 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. When a company such as Chesapeake Energy conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This does not always happen, however, often depending on the underlying fundamentals of the business. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. When a company such as Chesapeake Energy 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. For example, a 9513 share position pre-split, became a 47.565 share position following the split. This was a 1 for 200 reverse split, meaning for each 200 shares of CHK owned pre-split, the shareholder now owned 1 share. CHK's 6th split took place on April 15, 2020. For example, a 9000 share position pre-split, became a 9513 share position following the split. This was a 10 split, meaning for each 1000 shares of CHK owned pre-split, the shareholder now owned 1057 shares. CHK's 5th split took place on July 01, 2014. For example, a 4500 share position pre-split, became a 9000 share position following the split. Split, meaning for each share of CHK owned pre-split, the shareholder now owned 2 shares. CHK's 4th split took place on January 02, 1997. For example, a 3000 share position pre-split, became a 4500 share position following the split. Shares of CHK owned pre-split, the shareholder now owned 3 shares.

CHK's third split took place on July 01, 1996. For example, a 2000 share position pre-split, became a 3000 share position following the split. CHK's second split took place on December 29, 1995. For example, a 1000 share position pre-split, became a 2000 share position following the split. The first split for CHK took place on December 19, 1994. Chesapeake Energy (CHK) has 6 splits in our CHK split history database.