Does GE believe BKR stock tops at $25????
April was gruesome for BKR. GE negotiated for $1B BKR stock sell off. GE still owns 25%. Looks like BKR is lining up for day trader dream stock. I expect ebbs and flows for the rest of 2021.
BKR leadership confirmed more workforce reductions to make balance sheet profitable.
4 replies (most recent on top)
When was the last time anyone can remember GE making an intelligent financial decision? I’m sure some of us still remember the share price going as low as $5.00 during the waning days of BHGE, which was already a disastrous acquisition in itself.
One could craft a workable corporate financial strategy simply by observing what GE has done and doing the exact opposite.
I expect the new high to be $18 after the next dip
aberdeen Scotland facing severe poverty due to Covid, brexit, job cuts and oil recession according to the news
Likely pre negotiated windows GE is obligated to sell in. While the price does drive some volume the majority is on a schedule they’re abiding by.
Also if you think the stock is lining up to go higher you should get your head checked. This is the oil industry where black swan events happen way too often and have a way of crushing prices regularly