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mmayr

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mmayr

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Sunday, 08/01/2021 9:34:45 PM

Sunday, August 01, 2021 9:34:45 PM

Post# of 40611
Reverse Split for General Electric (GE)
General Electric (GE) has announced a 1-for-8 reverse stock split that takes effect on Saturday, July 31. Shareholders will receive one share of (new) GE common stock for every eight shares they currently own. The stock price will increase to eight times the July 30 close, so shareholder net positions at market open on Monday, August 2 will be the same as before the split, plus or minus market movements. All impacted client accounts will be fully processed and will reflect the new positions and pricing prior to Monday morning.

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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