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But somehow nothing ever changes - when this article was written back in 2021, the financial analysts had a buy rating and the price per share was hovering arou
by poulsbohemian 3y ago
But somehow nothing ever changes - when this article was written back in 2021, the financial analysts had a buy rating and the price per share was hovering around $10. Today it’s at $129, despite significant competition in all aspects of their business. Bill Gates can say he didn’t see it coming, but all that signals is business as usual - the giants of industry are so woven together they seldom see the train coming
- permanent 3y agoWhile GE price has gone up in the last 2 years, your statement doesn't take account for a reverse split—a 1-for-8 stock split in 2021. https://www.forbes.com/advisor/investing/ge-stock-split/#:~:text=GE's%20Reverse%20Stock%20Split,billion%20to%20about%201.1%20billion https://www.forbes.com/advisor/investing/ge-stock-split/#:~:....
- thfuran 3y agoHow does a reverse split work for holders of fewer shares than the ratio?
- redandblack 3y agoUsually cash for the remaining value at the split-stock price level
- phonon 3y agoGE's stock price was between about $70 to $87 in 2021.
- icedchai 3y agoAnd that's only because they did an 8:1 reverse split: https://www.nasdaq.com/articles/ge-stock-split%3A-what-you-need-to-know https://www.nasdaq.com/articles/ge-stock-split%3A-what-you-n...
- quickthrowman 3y agoGE isn’t up 1290% in 2-3 years; the split adjusted price was $70-90 during 2021. GE’s all time high share price (split adjusted) is $377.68 on 8/28/2000. It has lost nearly two-thirds of its value in the past 23 years, and that doesn’t account for inflation.