Here's Why General Electric Stock Surged in February
GE(GE) The Motley Fool·2024-03-04 17:51
Shares of industrial giant General Electric (GE 1.12%) soared by 18.5% in February, according to data from S&P Global Market Intelligence. The move comes from a well-received set of fourth-quarter earnings at the end of January and positive guidance for 2024.Equally importantly, GE issued a Form 10 with the Securities and Exchange Commission to register the securities of GE Vernova for trading in the United States. GE Vernova is a power, wind energy, and electrification business set to be spun off on April ...