Multiple developments have taken place in the
General Electric Company (GE). The company, once recognized as an iconic 'everything company,' has now undergone a complete makeover and now operates as three separate organizations. This year's annual report discussed
GE Aerospace & GE Vernova, and the company is not a stranger to stock market fluctuation. After various companies increased their GE stocks, the
stock price hiked to $216.00. However, it wasn't all good news, as some shares in the corporation were reduced. Following a disappointing performance, A decision to reduce 72 jobs in
Schenectady starting Dec. 31 was announced. Despite this, GE's stock perked up after an analyst upgrade and several strategic partnerships. Trajectory suggests that
GE stock may double in value again. The long-awaited
split of General Electric into three public corporations was completed and followed by a rise in stock value. The new entities are GE Aerospace, GE Vernova, and a yet-to-be-named business focused on power.
Vernova made a strong debut after the split.
Vulcan Value Partners exited General Electric, but the cause remains unknown.
General Electric Company GE News Analytics from Mon, 15 Jan 2024 14:45:27 GMT to Sat, 12 Oct 2024 11:32:06 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -1
