General Electric (GE) will complete the changes it 澳洲幸运5官方开奖结果体彩网:first announced in 2021 before markets open Tuesday, 澳洲幸运5官方开奖结果体彩网:spinning off its energy-focusedꦰ division from the aerospace division, with t𝄹he entities becoming GE Vernova and GE Aerospace, respectively.

GE Healthcare Technologies was spun off last year, and now trades under the ticker "GEHC." GE Vernova will trade under "GEV" starting Tuesday morning, and GE Aerospace will continue trading under the company's longtime "GE" ticker, the company announced in October.

GE Vernova will also join the 澳洲幸运5官方开奖结果体彩网:S&P 500 index Tuesday morning, replacing Dentsply Sirona (XRAY), which will be moved to the 澳洲幸运5官方开奖结果体彩网:S&P Midcap 400 on Wednesday. Shareholders that were on record as of March 19 will be eligible to receive one share of GE Vernova for every four shares of GE stock they owned.

The company has 澳洲幸运5官方开奖结果体彩网:been on the road to these spinoffs for years, as it has sold a number of subsidiaries and undergone several restructurings since the financial crisis of 2008. The November 2021 announcement that it planned to split into three companies was the 澳洲幸运5官方开奖结果体彩网:latest attempt to emphasize profitability and attract invest♋💟ors.

GE took a massive hit during the pandemic, as its Aerospace division, the company's biggest in terms of revenue, was hit particularly hard by the significant drop in air travel, with GE stock hitting a 28-year low of $34.22 in May 2020.

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Larry Culp told investors when the split was 澳洲幸运5官方开奖结果体彩网:first announced in 2021 that the company believed it was "under-owned" in each of its categories of healthcare, energy, and aerospace, atౠ least in part because the size of the company may have intimidated investors who only wanted to invest in a healthcare company.

While down 0.65% a𒁏t $174.39 at 1:22 p.m. ET Mondayℱ, GE stock is up about 40% in 2024 and more than 80% in the last 12 months. GE Healthcare was down 1.7% to $89.36 but is up about 15.5% this year and 53% since it spun off.