#GE) stock


General Electric's stock reverse splits 1-for-8

General Electric Co. shares will begin trading Monday at a reverse split-adjusted price of $103.60. The 1-for-8 reverse split, which was approved by shareholders at the company’s annual meeting in May, reduces the number of shares from approximately 8.8 billion to 1.1 billion. Ticker Security Last Change Change %. GE...
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Fast Company

GE stock is reverse splitting today: Here’s why

If you’re a shareholder in General Electric (GE) stock, you will likely notice something unusual when the markets open on Monday. Shares in the multinational company are suddenly worth eight times what they were worth on Friday. Don’t get too excited, though. It’s just a little accounting sleight of hand....
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General Electric Continues Its Slow Recovery

Last week, GE reported second-quarter revenue and adjusted EPS results that modestly beat expectations. GE's healthcare unit logged solid revenue growth and extremely strong margins last quarter. With rising free cash flow and an improving balance sheet, GE looks like an appealing turnaround stock. The COVID-19 pandemic hit at a...

Should You Buy or Sell GE Stock Ahead of the 1:8 Reverse Split?

General Electric (GE) announced a reverse stock split that will come into effect on July 30. The stock will trade on a split-adjusted basis on Aug. 2. The stock has outperformed the markets in 2021 — so, what’s the forecast for GE stock in 2021 and should you buy or sell before the reverse stock split?

Here’s Why General Electric Stock Has More Upside

We believe that the stock price of General Electric (NYSE: GE) has more room for growth from its current levels of $13. GE stock is up over 2x from the levels of around $6 it was at on March 23, 2020, when the broader markets made a bottom. This marks a slight outperformance compared to the S&P 500 which grew 93% over the same period. The outperformance of GE stock can primarily be attributed to expectation of a quicker rebound in air travel, as well as the company’s focus on reducing its debt.