ge stock split reddit

The reverse stock split authorized share reduction. Includes date and ratio.

Ge Stock 3 Reasons You Should Avoid General Electric At All Costs Investorplace

Stock split history for General Electric since 1962.

. GE Chief Executive Larry Culps goal was a higher stock price more in line with peers which have triple. Mead2014 You just said You missed the point. And a D is better than an F.

Wall Street Stock Market Finance report prediction for the future. The first split for GE took place on June 08 1971. Of GE common stock to 001 per share.

Posted by 5 months ago. 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. Please see the Historical Prices tab for adjusted price values.

Even Uber which I consider to be massively overvalued. This suggests a possible upside of 405 from the stocks current price. I dont hold GE so feel free to ignore.

Their forecasts range from 9900 to 14300. Youll find the General Electric share forecasts stock quote and buy sell signals belowAccording to present data General Electrics GE shares and potentially its market environment have been in a bullish cycle in the. 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.

General Electric Quarterly Stock Splits. Reverse Stock Split Summary On July 30 2021 GE announced that it completed the 1-for-8 reverse stock split a corresponding proportionate reduction in the authorized shares of its common stock and reduction of its par value per share of common stock to 001 collectively the reverse stock split. Pretty sure the proper cost basis for calculating the gain is the average cost basis of all shares that were exchanged.

A definitive analyst on General Electric is skeptical of the companys plans to split into three companies and some retail traders on. On average they expect General Electrics share price to reach 11993 in the next twelve months. NYSE Updated Mar 10 2022 1248 AM GE 9125 310 352.

The Reverse Stock Split was previously approved by GE shareholders at the annual shareholders meeting on May 4 2021. Compare GE With Other Stocks General Electric Annual Stock Splits. In a 1-for-5 reverse stock split you would instead own 10 shares divide the number of your shares by five and the share price would increase to 50 per share multiply the share price by five.

The reason for the reverse split was to remove 88. Buy or sell General Electric stock. See General Electric Company GE history of stock splits.

Prices shown are actual historical values and are not adjusted for either splits or dividends. 12 319 125 41 13 41 18 917. My GE positions for full transparency pretty bullish on this one.

GE announced plans Tuesday to split into three separate companies. For each eight GE shares an investor owns they would come out the other end of the process with one GE share. 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.

Stock Market info Recommendations. GE Reverse Stock Split Announced. Ad 1000 Strong Buy Stocks that Double the SP.

On the downside a break of the 10-day moving average puts the 1326. Its not bullish but its not bearish in the same way it is for most instances. A C is better than a D.

For example a 1000 share position pre-split became a 2000 share position following the split. I too have shares of ge at 1000 frankly im furious over the proposition to reverse stock split. The reason for GEs rs is to make it 100 stock Wrong.

Also if anyone has something else theyd like to add about GEs outlook be my guest. From the low teens before the reverse split the stock was trading at 104 on Friday. A B is better than a C.

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. You need to find the cost basis for those specific shares and use the sum on your tax return. General Electric the industrial conglomerate founded by Thomas Edison in 1892 is breaking up.

Yes it is the same as if you sold the shares on that date. GE said Wednesday that its board has recommended a 1-for-8 reverse split. An A is better than a B.

As an investor you want to buy stocks with the highest probability of success. General Electric GE has 8 splits in our General Electric stock split history database. GE has had so much momentum lately and it seems like they are just trying to cut down the number of shares to compare to others in their market cap range.

Should General Electric stock clear all of these levels the 1618 extension near 18 could be a possible longer term target. 15 brokerages have issued 12-month price objectives for General Electrics shares. General Electric Co.

Most reverse splits are to stop delistings ge wants to trade at a stock price more normal for its size. There is no average cost basis involved. This was a 2 for 1 split meaning for each share of GE owned pre-split the shareholder now owned 2 shares.

Ge Stock 3 Reasons You Should Avoid General Electric At All Costs Investorplace