REVERSE SPLIT OF GENERAL ELECTRIC COMPANY SHARES
Dear clients,
The General Electric Company has announced an upcoming 8-to-1 reverse share split. Thus, 8 old shares will be replaced with one new one at an increased price.
General Electric Company is an American diversified corporation that produces many types of equipment, including locomotives, power plants (including nuclear reactors), gas turbines, aircraft engines, medical equipment, and others.
Analysts expect that the rise in the share's value will potentially attract large investors who are used to buying up expensive assets, but due to the current low value, they did not consider these securities to add to their portfolios. At the same time, the capitalization of the company today is over 100 billion US dollars!
From August 2, trading on the #GenElectr instrument will start at new prices.