ge stock split reddit
The reverse split was a 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. Speculation says that their dividends are going to drop even further but GE is witholding comment until a later time.
Picture Of Nicole Kidman Nicole Kidman Beauty Nicole
Industrial giant General Electric will split into three companies following years of seeing its stock underperform the company announced Tuesday.
. GE has been somewhat struggling in recent years though recently reached a high of around 14 before a 7 drop following the announcement of the intention to reverse split. Its not bullish but its not bearish in the same way it is for most instances. Log In Sign Up.
The companys own price-to-earnings ratio history gives a clear picture. Should General Electric stock clear all of these levels the 1618. A split has no value on the company.
GE Stock Is Not Worth 13. Is this a dangerous sign. Their forecasts range from 9900 to 14300.
This suggests a possible upside of 346 from the stocks current price. Compare GE With Other Stocks General Electric Annual Stock Splits. Includes date and ratio.
I see that the GE stocks are at an all time low and would like to buy them but reading online I find very conflicting information of why they fell as much as they have and what the outlook will be like. The Reverse Stock Split was previously approved by GE shareholders at the annual shareholders meeting on May 4 2021. GE stock Hey everyone I am new to stocks and trading and I am looking for a long term play.
General Electric Quarterly Stock Splits. GE Announces Split Into 3 Separate Companies. 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.
Most reverse splits are to stop delistings ge wants to trade at a stock price more normal for its size. Above 15 and the 2018 breakdown spot could be on the table near 1675. The stock has lost 2 annually since 2009 compared with a 9 annual return for the SP 500 according to FactSet.
Im assuming they sold 4 shares and gave me the. 13 equities research analysts have issued twelve-month target prices for General Electrics stock. A definitive analyst on General Electric is skeptical of the companys plans to split into three companies and some retail traders on.
As you can see on the chart back in the glory days General Electric commanded a price of. I too have shares of ge at 1000 frankly im furious over the proposition to reverse stock split. Reddits home for tax geeks and taxpayers.
The valuation is still the same. GEs stakes in AerCap Baker Hughes and the post-split GE Healthcare will give the company the financial flexibility to ensure that its. NYSE Updated Apr 21 2022 532 PM GE 9228 088 096.
See General Electric Company GE history of stock splits. After doing some research it appears this is from the GE reverse split. The company will be divided into separate units focused on aviation health care and energy.
Of GE common stock to 001 per share. On average they anticipate General Electrics share price to reach 12100 in the next year. 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.
GE said Wednesday that its board has recommended a 1-for-8 reverse split. For example a 1000 share position pre-split became a 2000 share position following the split. But the earnings per share would be higher per share and hopefully a more stable companystock price.
General Electric GE has 8 splits in our General Electric stock split history database. GE 18 Reverse Stock Split Help. The reverse stock split authorized share reduction.
Instead of 2 you now have 1 or instead of 1 you now have 2. The first split for GE took place on June 08 1971. Share your opinion and gain insight from other stock traders and investors.
This web site is unaffiliated with Fidelity. Posted by 2 months ago. Please see the Historical Prices tab for adjusted price values.
General Electrics Official Press Release. In addition General Electric Company has a VGM Score of C this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading. GE 18 Reverse Stock Split Help.
General Electric Co. For each eight GE shares an investor owns they would come out the other. Prices shown are actual historical values and are not adjusted for either splits or dividends.
The board keeps saying we did this because its what companies this size do and i call bs theyre scared the low price will lure young investors creating volatility. I dont hold GE so feel free to ignore. GE plans to spin off the health-care unit by early 2023.
Op 3 yr. The decision by GE earned praise from Wall Street analysts Tuesday morning. Find the latest General Electric Company GE stock discussion in Yahoo Finances forum.
Stock split history for General Electric since 1962. This was a 2 for 1 split meaning for each share of GE owned pre-split the shareholder now owned 2 shares.
Pin On Vietnam