“…GE Set the Date for Its Reverse Stock Split.”
June 21, 2021
“General Electric said Friday that its 1 for 8 reverse stock split will happen on July 30, after the market closes, so on Monday, Aug. 2, the stock will open at around $100 a share. That isn’t a windfall for investors. A person holding 80 shares will suddenly have 10. The total value in brokerage accounts will remain the same. A reverse stock split is unusual for a company as large a General Electric (ticker: General Electric ). And a reverse split isn’t typically seen as a positive factor by investors…”
https://www.barrons.com/articles/ge-reverse-stock-split-51624282282?siteid=yhoof2