WebAug 2, 2024 · The reverse stock split was recommended by the GE board in March. GE announced that it would proceed with the eight-to-one split in June. Shares of GE closed … WebAug 2, 2024 · CAT. +2.93%. For General Electric Co. GE, +0.39% investors who might have done a double take when they saw their stock trading above $100, the reason is because the 1-for-8 reverse stock split the ...
General Electric Stock Split Will GE Conglomerate Break-up …
WebJul 30, 2024 · BOSTON - July 30, 2024- GE (NYSE:GE) 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 $0.01 per share. The reverse stock split, … WebJul 28, 2024 · On July 30th, General Electric (NYSE: GE) will have its stock go through a reverse split. The number of its shares traded on the stock market will reduce from 8 to 1 billion, while the price of one share will increase eightfold up to about $100. lite n easy lunch packs
Why Would a Company Do a Reverse Stock Split?
WebGeneral Electric (GE) proposed an 8-for-1 reverse stock split to raise its share price which was barely staying above double digits so that its share price would be more in line with comparable peers such as Honeywell, which was trading above $200 per share. WebNov 27, 2024 · While General Electric saw its stock price decrease in the months following its reverse stock split in 2024, now may be a good time to consider buying the stock. … WebAug 2, 2024 · 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... impingement elbow treatment