How GE Boosted Its Share Price by 700%

Barrons2021-08-02

General Electric just increased its stock price by more than $90 a share. GE stock (ticker: GE) will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company ...

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Comments

RIC
2021-08-02
RIC
what will happen to my loose shares?
Cyn198
2021-08-02
Cyn198
Wow!
IZLIN
2021-08-02
IZLIN
@simplydkam @Sagi08 @Meow17[Surprised]
- simplydkam:
  Cool
Doge2theMoon
2021-08-02
Doge2theMoon
Why not find a business that will boost the share price instead of a reverse split? ??‍♂️
Kitsonlin
2021-08-02
Kitsonlin
Good
BellaEng
2021-08-02
BellaEng
Really
- Kitsonlin:
  Nice

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The company ...</p>\n\n<a href=\"https://www.barrons.com/articles/ge-stock-price-51627766341?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GE","symbol_name":"GE航空航天","start_time":0,"source_url":"https://www.barrons.com/articles/ge-stock-price-51627766341?mod=hp_LATEST","article_id":"1197231465","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197231465","pubTimestamp":1627862106,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"General Electric just increased its stock price by more than $90 a share.\nGE stock (ticker: GE) will","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GE":"GE航空航天"},"translate_title":"通用电气如何推动其股价上涨700%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GE":0.9},"content_text":"General Electric just increased its stock price by more than $90 a share.\nGE stock (ticker: GE) will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.\nAt the time thesplit was announced in March, CEO Larry Culpexplained to Barron’s he wanted GE’s stock price and share count to be more comparable to peers.Honeywell International(HON) and Eaton(ETN), for instance, both have triple-digit stock prices.\nHoneywell stock closed Friday at $233.79. Eaton stock closed at $158.05.\nThe reverse split gets GE stock part of the way to those peers. From Monday forward, though, GE’s results will have to do the heavy lifting.\nGE stock is up 20% year to date, a little better than the 17% and 14% respective gains of the S&P 500 and Dow Jones Industrial Average.\nSplits and reverse splits are typically big deals for investors in the short run.\nRegular splits, which result in lower share prices, are supposed to signal management’s confidence in the future and make shares easier for retail investors to buy.Reverse splits, on the other hand, typically trouble investors. 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??‍♂️","listText":"Why not find a business that will boost the share price instead of a reverse split? ??‍♂️","text":"Why not find a business that will boost the share price instead of a reverse split? ??‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805109360","repostId":1197231465,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":805377491,"gmtCreate":1627863604913,"gmtModify":1703496657600,"author":{"id":"4088412711170620","authorId":"4088412711170620","name":"Kitsonlin","avatar":"https://community-static.tradeup.com/news/8f861facf7d7b6166cb50fa387771267","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805377491","repostId":1197231465,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":805372556,"gmtCreate":1627863448275,"gmtModify":1703496652995,"author":{"id":"3576533774112300","authorId":"3576533774112300","name":"BellaEng","avatar":"https://static.tigerbbs.com/dde1682b37a7cdb8f3de06cedadd8083","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Really&nbsp;","listText":"Really&nbsp;","text":"Really","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805372556","repostId":1197231465,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5397776,"gmtCreate":1627863596261,"gmtModify":1663231798655,"authorId":4088412711170620,"author":{"id":4088412711170620,"authorId":4088412711170620,"name":"Kitsonlin","avatar":"https://community-static.tradeup.com/news/8f861facf7d7b6166cb50fa387771267","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805372556,"type":1,"supId":0,"prevId":0,"content":"<u>Nice</u>","text":"<u>Nice</u>","html":"<u>Nice</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":135,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197231465"}