ge stock split reddit
GE announced plans Tuesday to split into three separate companies. From the low teens before the reverse split the stock was trading at 104 on Friday.
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The reverse stock split authorized.
. 12 319 125 41 13 41 18 917. Posted by just now. 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.
Anyone buying January 2022 options in light of the possible stock split. GE hoped to capitalize on a stunning comeback the share price doubling as CEO Larry Culps turnaround plan seemed to take hold. 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.
Why GE Took the Plunge. I thought it might be a good idea bought a few 27 calls. Op 5m edited 5m.
Log in or sign up to leave a comment Log In Sign Up. Press question mark to learn the rest of the keyboard shortcuts. This is a 2558 percent increase over sales of 94200 million the same period last year.
For example a 1000 share position pre-split became a 2000 share position following the split. The industrial conglomerate underwent a 1-for-8 reverse split meaning investors got one share for every eight owned. A definitive analyst on General Electric is skeptical of the companys plans to split into three companies and some retail traders on.
You bought a call option 1250. Search for other Veterinarians in Suisun City on The Real Yellow Pages. 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.
On average they expect General Electrics stock price to reach 11636 in the next twelve months. Years of declining earnings and a new complicated reverse stock split should send GE investors looking elsewhere March 18 2021 By. Whether it is good or bad or why the company wants its stock to go through a.
6 minutes for reading. But there was another announcement that Wall Street largely ignored. My GE positions for full transparency pretty bullish on this one.
So in my case because its a 1 to 8 reverse split my 10 call should change to an 80 call but also since each contract represented 100 shares and the shares are being. You wont gain or lose itll stay the same just the strike price will be adjusted to reflect the 81 reverse split. 13 analysts have issued 1 year target prices for General Electrics shares.
Even Uber which I consider to be massively overvalued. GE Complete General Electric Co. The GE Power GE.
This suggests a possible upside of 634 from the stocks current price. The number of its shares traded on the stock market will reduce from 8 to 1 billion while the price of one share will increase eightfold up to about 100. GE was only the fifth SP 500.
The key points of the plan are as follows. Established in 1989 Sunset Animal Clinic is located at 1239 Western. View analysts price targets for General Electric or.
Their forecasts range from 9600 to 14300. GE Healthcare will be spun off in early 2023 with GE retaining a 199 stake. XYZ stock is trading at 10.
This is a 4571 percent increase over losses of 140 per share from the same period last year. A proposed 8-for-1 reverse split that would turn GEs 12 share. I dont expect them to outperform mega-cap tech in the long run but it provides some nice short term exposure to Industrials--with infrastructure spending bills being passed now they have room to run a bit.
GE Reverse Stock Split Announced. XYZ shares are now worth 80share. The company reported quarterly sales of 118 billion which beat the analyst consensus estimate of 112 billion by 563 percent.
The reverse split occurs at a 81 ratio. New York CNN Business General Electric the industrial conglomerate founded by Thomas Edison in 1892 is breaking up. GE was only the fifth SP 500 company to try one since 2012 says SP Dow Jones Indices senior index analyst Howard Silverblatt.
View real-time stock prices and stock quotes for a full financial overview. Ge stock split reddit. This was a 2 for 1 split meaning for each share of GE owned pre-split the shareholder now owned 2 shares.
Since the mid-June announcement GE stock has gone nowhere. Basically every component of the option other than the cost you originally paid for it would be altered by the coefficient of the split. Posted by 5 months ago.
Ge Might Be Doing A 1 8 Reverse Stock Split R Wallstreetbets sunset animal clinic fairfield ca. Personally reasonably bullish on GE but also have an extremely low avg price 7187share or 898 pre-reverse split. GE will have its stock go through a reverse split.
On July 30th General Electric NYSE. Also if anyone has something else theyd like to add about GEs outlook be my guest. General Electric GE has 8 splits in our General Electric stock split history database.
The first split for GE took place on June 08 1971. Stock news by MarketWatch. Reverse splits like the one executed by General Electric on Monday dont come along every day.
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