Reverse splits like the one executed by General Electric on Monday don’t come along every day. GE was only the fifth S&P 500 company to try one since 2012, says S&P Dow Jones Indices senior index analyst Howard Silverblatt. The industrial conglomerate underwent a 1-for-8 reverse split, meaning investors got one share for every eight owned. From the low teens before the reverse split, the stock was trading at $104 on Friday.
GE Chief Executive Larry Culp’s goal was a higher stock price more in line with peers, which have triple-digit…
