The first stage of the break up of General Electric Co. GE has been completed, as GE HealthCare Technologies Inc.
has been officially separated and will begin trading Wednesday as an independent company. GE HealthCare’s stock will start trading on the Nasdaq on Tuesday, as a component of the S&P 500 index SPX, while GE’s stock will remain on the New York Stock Exchange. GE’s stock rallied 2.1% in premarket trading Wednesday, while GE HealthCare shares were indicated up more than 4%. With the separation, GE shareholders received one share of GE HealthCare for every three GE shares they owned.
has been officially separated and will begin trading Wednesday as an independent company. GE HealthCare’s stock will start trading on the Nasdaq on Tuesday, as a component of the S&P 500 index SPX , while GE’s stock will remain on the New York Stock Exchange. GE’s stock rallied 2.1% in premarket trading Wednesday, while GE HealthCare shares were indicated up more than 4%. With the separation, GE shareholders received one share of GE HealthCare for every three GE shares they owned.