ge stock split reddit

Includes date and ratio. GE Reverse Stock Split Announced.

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GE filed an amendment to its certificate of incorporation to effectuate the reverse stock split on July 30 2021 and GE common stock began trading on a split-adjusted basis on August 2 2021.

. Stock Price and Discussion Stocktwits. GE announced plans Tuesday to split into three separate companies. If they had paid a dividend -.

T he fact that GE Power was the star segment in General Electric s NYSE. Why GEs Long-Term Future Still Looks Bright. This was a 2 for 1 split meaning for each share of GE owned pre-split the shareholder now owned 2 shares.

Its not bullish but its not bearish in the same way it is for most instances. GE 9482 077 081. BOSTON July 30 2021 GE NYSEGE announced today that it has completed the previously announced reverse stock split of GE common stock at a ratio of 1-for-8 with a proportionate reduction in the authorized shares of its common stock and reduction in the par value of common stock to 001 per share.

The reverse stock split authorized share reduction. Ive seen many youtube videos reddit posts articles on why this stock is overvalued at 18 price to sales ratio which implies at least 20-25 sales growth sales growth 6-9x for the next 10 years based on my model. Posted by 5 months ago.

See General Electric Company GE history of stock splits. For each eight GE shares an investor owns they would come out the other end of the process with one GE share. Most reverse splits are to stop delistings ge wants to trade at a stock price more normal for its size.

NYSE Updated Mar 21 2022 1140 PM. GE second quarter is meaningful. General Electric the industrial conglomerate founded by Thomas Edison in 1892 is breaking up.

GE Reverse Stock Split Frequently Asked Questions. For example a 1000 share position pre-split became a 2000 share position following the split. I dont hold GE so feel free to ignore.

The Reverse Stock Split was previously approved by GE shareholders at the annual shareholders meeting on May 4 2021. GE said Wednesday that its board has recommended a 1-for-8 reverse split. Of GE common stock to 001 per share.

As of August 2 2021 On July 30 2021 GE announced that it completed the 1-for-8 reverse stock split a corresponding proportionate reduction in the number of shares of GE common stock authorized for issuance under the certificate of incorporation and reduction in the par value of GE common stock to. They are buying about 32 million outstanding shares about one weeks trading volume. General Electric has decided to go the 3 billion stock buyback route.

General Electric GE has 8 splits in our General Electric stock split history database. The first split for GE took place on June 08 1971. It speaks volumes for CEO Larry Culps.

Even Uber which I consider to be massively overvalued. GE General Electric Co.

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