General Electric (GE) has seen fluctuating but generally positive movement in share price, with a notable increase of 1.9%. This follows progress in the company's strategic shift, turning into three distinct entities. The creation of
GE Aerospace has brought new advancements, investments, and deals for the company, especially at events like the 2024 Farnborough Airshow. A major expansion was achieved with the addition of GE to the S&P Aerospace & Defense Index, and confirmation of dividend plans. However, despite a bullish Q3, the stock experienced some decreases as well. Among noteworthy events, GE reported plans to spin off aviation engines department, and filed a registration statement for the planned spin-off of
GE Vernova. GE's split into three public companies appears to have closed the book on its time as a vast conglomerate, possibly improving its chances of future success. There are differing opinions on GE's stock price outlook, with some expecting it to go as high as $250, and worries about it being overvalued at $165. Regardless, GE’s split has seen it become
GE Aerospace, a separate company with its own trading presence. The launch of GE Vernova Inc., and the resulting investments, show high promise. Albeit, concerns about the company's stock price persist.
General Electric Company GE News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Fri, 03 Jan 2025 19:29:09 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor -4
