Big News: “GE to break up into 3 companies focusing on aviation, health care and energy”
November 9, 2021
“U.S. industrial giant General Electric will split into three companies following years of seeing its stock underperform, the company announced on Tuesday. The company will be divided into separate units focused on aviation, health care and energy. GE plans to spin off the health-care unit by early 2023 and the energy unit by early 2024, the company said in a news release.
GE shares, which were already up 55% over the last 12 months, jumped more than 6% in early trading on Tuesday…”
I find it interesting they did this after they decided to reverse stock split earlier this year. It seems the way mega corporation operate is different from normal ones. Just my personal opinion on this observation, but in any case I’ll make a mental note of this.
I have a suspicion the time to invest in mega corporations is shortly after a reverse stock split. I can’t say for sure yet. I need to see more examples of this. I’m going to be watching this company. There’s a lot i can learn from this.