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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 ...
One recent example of reverse stock split occurred at General Electric, which completed a 1:8 stock split in July 2021. ... a reverse stock split is neither good nor bad and has no impact on the ...
Is a Reverse Stock Split Good or Bad? ... However, GE has struggled for decades now, and the all-time high in its share price was way back in August 2000, at $257.10.
When Culp, the first outsider to run GE, took the helm in 2018, the company was struggling with weak profits and a mountain of debt. Its stock had fallen nearly 80% from highs in 2000 and lost its ...
News of the reorganization was greeted positively, with GE stock initially jumping as much as 17% in pre-market trading before closing the day up 2.7%. Source: Sundry Photography / Shutterstock ...
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
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 ...
A stock split is neither good nor bad, and long-term investors should probably be indifferent to them. They have no impact on the value of your investment or the value of the company.