ge stock split reddit

Share your opinion and gain insight from other stock traders and investors. -514 based on the trailing year of earnings.

Ge To Break Up Into 3 Companies Focusing On Aviation Health Care And Energy R Technology

Although the General Electric Co NYSE.

. 690 based on cash flow. For example a 1000 share position pre-split became a 2000 share position following the split. What is General Electrics dividend payout ratio.

950 based on this years estimates. This suggests a possible upside of 278 from the stocks current price. The dividend payout ratio for GE is.

21 2020 when it fell 77. GE reverse stock split wont affect the fundamentals of the company its a smart move Ritholtz Wealth Management CEO Josh Brown said Tuesday on CNBCs. For example a 32000 share position pre-split became a 96000 share position following the split.

A definitive analyst on General Electric is skeptical of the companys plans to split into three companies and some retail traders on. However other than a short surge at the end of May its. See General Electric Company GE history of stock splits.

General Electric GE has 8 splits in our General Electric stock split history database. GE Reverse Stock Split Announced. 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. GE stock was making moves last fall until it peaked at a 11336 close on March 3. The split adjusted shares began trading on August 2 2021.

GE said Wednesday that its board has recommended a 1-for-8 reverse split. 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. Their forecasts range from 9900 to 14300.

GE Chief Executive Larry Culps goal was a higher stock price more in line with peers which have triple. General Electric Quarterly Stock Splits. 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.

A short opportunity at the current price with slight resistance at around 85. Even Uber which I consider to be massively overvalued. In addition General Electric Company has a VGM Score of B this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style.

There is no average cost basis involved. The stock GE -196 lost 48 in afternoon trading putting it on track for the biggest one-day decline since Sept. Pretty sure the proper cost basis for calculating the gain is the average cost basis of all shares that were exchanged.

Prices shown are actual historical values and are not adjusted for either splits or dividends. Find the latest General Electric Company GE stock discussion in Yahoo Finances forum. Includes date and ratio.

Compare GE With Other Stocks General Electric Annual Stock Splits. The reverse stock split authorized share reduction. GE Stock GE effected a 1-for-8 reverse stock split on July 30 2021.

15 brokerages have issued 12 month price targets for General Electrics shares. Its not bullish but its not bearish in the same way it is for most instances. On average they anticipate General Electrics share price to reach 12000 in the next twelve months.

The first split for GE took place on June 08 1971. Stock split history for General Electric since 1962. I dont hold GE so feel free to ignore.

NYSE Updated Feb 19 2022 1259 AM GE 9269 577 586. 12 319 125 41 13 41 18 917. Yes it is the same as if you sold the shares on that date.

My GE positions for full transparency pretty bullish on this one. This was a 2 for 1 split meaning for each share of GE owned pre-split the shareholder now owned 2 shares. Please see the Historical Prices tab for adjusted price values.

General Electric Co. The decline comes after the stock had rallied 116. Most reverse splits are to stop delistings ge wants to trade at a stock price more normal for its size.

Posted by 5 months ago. 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. This was a 3 for 1 split meaning for each share of GE owned pre-split the shareholder now owned 3 shares.

GE had a runup of 90-100 from its 2020 lows then consolidated in a horizontal range for the past 8 months and is now showing weakness breaking down the 95 support level. 611 based on next years estimates. GEs 7th split took place on.

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. For each eight GE shares an investor owns they would come out the other end of the process with one GE share. The 65-85 level looks thinly traded so it is possible that GE may have.

You need to find the cost basis for those specific shares and use the sum on your tax return. GEs 6th split took place on May 08 2000.

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