DJ GE Completes Reverse Split for Trading Monday -- Market Talk
1756 ET - GE completed its 1-for-8 reverse stock split, meaning the stock will trade Monday at the new price. Based on GE's closing price of $12.95 on Friday, the split-adjusted price should be $103.60. The split cuts the number of shares outstanding to 1.1B from 8.8B, a change that GE says will put it closer to peers. The split was approved by shareholders in May. (thomas.gryta@wsj.com)
(END) Dow Jones Newswires
July 30, 2021 17:57 ET (21:57 GMT)
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