ge stock split reddit

New York CNN Business General Electric the industrial conglomerate founded by Thomas Edison in 1892 is breaking up. Even Uber which I consider to be massively overvalued.

What Is A Stock Split How Does It Affect Investors Sofi

Real-time trade and investing ideas on General Electric Co.

. 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. GE announced plans Tuesday to split into three. GE from the largest community of traders and investors.

Most reverse splits are to stop delistings ge wants to trade at a stock price more normal for its size. This was a 2 for 1 split meaning for each share of GE. Its not bullish but its not bearish in the same way it is for most instances.

The GE Power GE Renewable Energy and GE Digital units will be put together and spun off in 2024. 5-10 years GE. General Electric GE has 8 splits in our General Electric stock split history database.

GE Reverse Stock Split Announced. General Electric debt is extremely long term and at very low fixed interest. Current bonds for 2022 are 927 million.

A definitive analyst on General Electric is skeptical of the companys plans to split into three companies and some retail traders on Reddit feel the same. The reverse stock split authorized. 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.

GE filed an amendment to its. GE was only the fifth SP 500 company to try one since 2012 says SP. 1-5 years GE only has 38 billion in bonds.

The Reverse Stock Split was previously approved by GE shareholders at the annual shareholders meeting on May 4 2021. The remaining GE will be an aviation-focused company. Why GE Took the Plunge.

Of GE common stock to 001 per share. The first split for GE took place on June 08 1971. I dont hold GE so feel free to ignore.

Rooms Shows Rankings Earnings Newsletters Shop. Reverse splits like the one executed by General Electric on Monday dont come along every day. Posted by 5 months ago.

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