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Finance

GE Stock Forecast: Should You Buy or Sell Before 1:8 Reverse Split?

Usually, companies do a reverse stock split when their stock price falls too low and falls below the minimum listing threshold. Also, like Ashford Hospitality (AHT) recently did, companies do a reverse stock split to escape the tag of penny stock, which the SEC classifies as the stock price below $5.

As for GE, neither is the case. Nevertheless, despite being an industrial powerhouse with a market cap in excess of $100 billion, GE stock trades in the low teens, which looks unbecoming for the company. That said, while the reverse stock split would inflate the stock price, it doesn’t change anything fundamentally for the company.

View more information: https://marketrealist.com/p/ge-stock-forecast-reverse-stock-split-buy-sell/

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