GE shares surge, putting them within earshot of a new bull market, as investors cheer the industrial conglomerate’s $11.1 billion deal to merge its struggling transportation business with Wabtec Corp.
ForexTV · 22h
“This was the biggest cornerstone move of the $20 billion in asset sales that has been announced so far,” said Nicholas Heymann, an analyst at William …
The analyst reiterated his underweight rating on the stock as well as his 12-month price target of $11, implying 27 percent downside over the next year. …
CNBC · 3h
GE is on track to close May with its second month of gains ... would merge its transportation business with Wabtec in a deal worth $11 billion. Still, the …
GE shares were marked 2.2% higher in pre-market trading in New ... to have averted a damaging trade war between the world's two biggest economies. U.S. stock futures rise sharply as investors react to a thaw in the trade war …
GE will receive a $2.9 billion up-front cash payment, and GE and its shareholders will receive a 50.1% ownership interest in the combined company. Based on Wabtec's stock price on April 19, 2018, the last unaffected trading day prior to media …
GE's stock has lost about half its value in the last year, and the company has been working with activist hedge fund Trian Fund Management LP, which sits on its board of directors, to turn the business around. A Reverse Morris Trust transaction allows a ...
Nasdaq · 2d
Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It turned negative, as 153 investors sold General Electric Company shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion ...
Bibey Post · 1h