GE Aviation, GE Energy Start Trading On NYSE

General Electric (GE), a longstanding symbol of American manufacturing, has officially completed its transition into three separate companies, with its aerospace and energy businesses commencing trading on the New York Stock Exchange (NYSE) as independent entities, reported Michelle Chapman for the Associated Press (AP).

GE's aerospace and energy businesses commence trading on the New York Stock Exchange (NYSE). I Photo: New York Stock Exchange Facebook

The Boston-based company, renowned for its diverse portfolio ranging from light bulbs to jet engines, announced in November 2021 its plan to split into three companies focused on aviation, energy, and healthcare.

GE had already divested itself of its appliances division and ceased sales of light bulbs in 2020.

In its prime, GE's stock was highly coveted on Wall Street, particularly during the tenure of Jack Welch, one of America’s earliest CEO "superstars."

Under Welch's leadership, GE consistently outperformed peers and the broader market, with its value increasing substantially. However, the company's stock performance began to decline toward the end of Welch's tenure in the early 2000s.

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