Raymond James & Associates has reduced their holdings in General Electric (GE). Despite this, the company's stock price fell 0.2%. The GE board ratified a
spin-off of GE Vernova and with GE Aerospace is slated for an April 2024 launch. The
dismantling of GE, historically a multifaceted giant, is considered complete as the conglomerate morphs into three independent firms.
Vulcan Value Partners exited General Electric while GE's aviation and energy enterprises began trading on the NYSE. This signposted the end of the conglomerate. Meanwhile, GE completed its split into three public companies. Short interest in GE decreased by 10.4%.
GE Aerospace is now a separate firm operating at an investment-grade level after the completion of Vernova's spin-off. General Electric stock evaluated at $165 raised market speculations. Blue Trust Inc. acquired 3,068 GE shares. GE's three-way split influenced market sentiments about its future prospects.
Miracle Mile Advisors LLC and
RFG Advisory LLC have increased their holdings whereas
Diversify Advisory Services LLC and
Park National Corp OH have sold theirs. GE Aerospace and Vernova commenced operations as independent entities in the market.
General Electric Company GE News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 22:40:01 GMT -
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