General Electric’s final spinoff is days away. It’s not too late to profit from the move

Now it’s time to see what General Electric’s businesses are really worth.

In two weeks, GE’s power business will be spun off from the aerospace operations and begin trading separately as GE Vernova on the New York Stock Exchange under the ticker symbol GEV. The event marks the final step of a process that began in late 2021, when GE said it would break up its operations into three parts — health care, aviation and energy. The health-care spinoff, which created GE Healthcare Technologies in January 2023, was the first step, and the April 2 move of GE Vernova is the last.

Read more here: https://www.cnbc.com/2024/03/19/ges-spinoff-is-days-away-heres-why-its-not-too-late-to-profit-.html