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GE effected a 1-for-8 reverse stock split on July 30, 2021. The split adjusted shares began trading on August 2 above $100, the company announced. The reverse split multiplied the price of the ...
CHICAGO (Reuters) -General Electric on Tuesday completed its breakup into three companies, marking the end of the 132-year-old conglomerate that was once the most valuable U.S. corporation and a ...
The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power. The ambitious move drove an 8.2% rise in ...
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Image source: Getty Images. Revenue for the company's commercial engines and services segment rose 8% to $7 billion, while orders climbed 29%. Service revenue in the segment rose 10%.
A common reason for a reverse stock split is to satisfy a stock exchange's minimum share price. [2] A reverse stock split may be used to reduce the number of shareholders. [3] If a company completes a reverse split in which 1 new share is issued for every 100 old shares, any investor holding fewer than 100 shares would simply receive a cash ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
General Electric (GE) has plans to split into three companies focused on the growth sectors of aviation, healthcare and energy, the company announced today, which immediately sent the stock rising....