“GE stock turns lower after confirming $30 billion AerCap deal, proposing reverse stock split”
March 10, 2021
“Shares of General Electric Co. dropped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split… The stock GE, -6.40% swung to a loss of 2.0% in premarket trading, reversing an earlier gain of as much as 3.4%. The decline comes after the stock had rallied 11.6% in March through Tuesday, including a 3-year high close of $14.17 on Monday, while the S&P 500 index SPX, 0.89% has gained 1.7% month to date…”
For those of you that know how to short sell you’ll make easy money shorting this stock right after the reverse stock split. To be honest I think I need to look for another broker outside of Robinhood so I can short sell as well.