Global Partners owns, controls, or has access to terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania. Co is engaged in the purchasing, selling, gathering, blending, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks (such as ethanol), distillates (such as home heating oil, diesel and kerosene), residual oil, renewable fuels, crude oil and propane and in the transportation of petroleum products and renewable fuels by rail from the mid-continent region of the U.S. and Canada. We show 35 historical shares outstanding datapoints in our GLP shares outstanding history coverage, used to compute GLP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GLP market cap history over the course of time is important for investors
interested in comparing GLP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GLP versus a peer is one thing; comparing
GLP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GLP can fluctuate over the course of history.
With this page we aim to empower investors researching GLP by allowing them to research the GLP market cap history. |
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Video: The Importance of Market Cap
