General Electric Begins a New Chapter

Investors desperately want 2023 to go better than 2022 did, and after an initial day of poor performance on Tuesday, it appears that Wall Street might finally cooperate on Wednesday. Stock futures contracts on major indexes were up as much as two-thirds of a percent in early morning trading, reflecting the ongoing tug-of-war between optimism and fear.

One stock that's apt to scare a bunch of shareholders Wednesday morning is General Electric (NYSE: GE). The conglomerate's share price is going to be a lot lower than it was a day ago, but investors aren't going to suffer immediate losses as a result. Instead, the new price for GE reflects a major corporate move that will give investors separate exposure to a part of its business that until today was integrated under the conglomerate's massive corporate umbrella.

Stock in General Electric traded at around $67 per share on Wednesday morning. That was down from the nearly $85 per share closing price on Tuesday afternoon, as the new value recognizes the fact that a piece of the company will become available to investors as a separately traded stock.

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Source Fool.com