General Electric Stock Gains Ahead of 1-for-8 Reverse Split Debut [View all]

[mahatmakanejeeves]

Full disclosure: I own shares of GE.

I'm posting this because a lot of DUers own shares of GE. I hadn't heard of this until now. I wanted people to know what had happened when they saw that 87% of their shares in GE weren't there anymore.

If you don't now own a multiple-of-8 number of shares, you'll have to have a cost basis by next April for the 1, 2, 3, 4, 5, 6, or 7 shares that you sold today.

General Electric Stock Gains Ahead of 1-for-8 Reverse Split Debut

Mon, August 2, 2021, 3:27 AM

General Electric's 1-fo-8 reverse stock split will reduce the industrial group's outstanding shares from around 8.8 billion to 1.1 billion at the start of trading Monday.

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