Updated Aug. 6, 2021 9:26 p.m. ET / Original Aug. 6, 2021 8:38 p.m. ET
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Reverse splits similar the 1 executed by General Electric connected Monday don’t travel on each day. GE was lone the 5th S&P 500 institution to effort 1 since 2012, says S&P Dow Jones Indices elder scale expert Howard Silverblatt. The concern conglomerate underwent a 1-for-8 reverse split, meaning investors got 1 stock for each 8 owned. From the debased teens earlier the reverse split, the banal was trading astatine $104 connected Friday.
GE Chief Executive Larry Culp’s extremity was a higher banal terms much successful enactment with peers, which person triple-digit...