Unusual Options Activity Insight: General Electric
General Electric (NYSE:GE) shares experienced unusual options activity on Friday. The stock price moved up to $104.38 following the option alert.
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General Electric shares are trading over $100 per share Monday after the company's 1-for-8 reverse stock split went into effect.
On July 30, 2021, the company filed a Certificate of Amendment to its Certificate of Incorporation in order to effect a one-for-eight reverse stock split of the company’s common stock
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Analyzing General Electric’s Unusual Options Activity
Shares of General Electric (NYSE:GE) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved up to $12.74.