#GeneralElectric #GE #GeneralElectricstock
Shares of General Electric traded higher on Monday as the industrial giant’s 1-for-8 reverse stock split became effective.
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Why this stock is booming ?
It’s NOT booming. It just did a REVERSE split 1:8. Before split it was about $12.50. It opened 02-Aug (after split) $104.. but it won’t be long before those split shares will be trading at $12.50.
@@rhuephus exactly this is a big scam for them to rip us off. Take my advice move your assets to crypto. Hell they’re giving 5% apy
This is a complete scam. It should be very illegal and the company should be sued. If we lose eight times our actual stock. What happens to eight times of share of dividends. This is a scam to the American public. I guarantee you if this was brought to light. No one would ever invest into the stock market. A great transfer of wealth will be put into crypto. Never to be returned back into our Wall Street.
People must be really dumb if this is an advantage.
Imagine if you own one Bitcoin. Then some a****** took 1/8 of that and said that’s what you own now. What would you do? This is a complete scam of the corporate system. Congress needs to pay attention to the crimes that are being committed. Deficits do not matter if this precedes we would definitely be worthless. No wonder why we owe so much damn money.
although this wasnt an advantage for stock holders, it is major news for stock traders, people who bought options lol
“Don’t get excited… Still a bad company” 😭
Wow did you guys know. I just made 90 bucks a share. Take that, all you losers. All you little small people.
Congratulations? Be honest with people. GE DID NOT POP!! THE COMPANY JUST REDUCED THE NUMBER OF SHARES TO DEVIDE YOU COST INTO. NOTHING ELSE CHANGED.
I dont think these guys understand what is going on. Media is media