|Bid||79.93 x 1800|
|Ask||79.98 x 800|
|Day's range||78.56 - 79.97|
|52-week range||59.93 - 116.17|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||N/A|
|Earnings date||24 Oct 2022 - 28 Oct 2022|
|Forward dividend & yield||0.32 (0.40%)|
|Ex-dividend date||27 Jun 2022|
|1y target est||87.31|
3M's (NYSE: MMM) spin-off announcement last month caught the market by surprise and inevitably raised comparisons with General Electric's (NYSE: GE) impending breakup. Both companies plan to spin off their healthcare businesses in 2023 (with GE also planning to spin off its power and renewable energy businesses together in 2024) to unlock value for shareholders. Let's look at 3M's plans and what they mean for the investment case for the stock.
SAN RAMON, Calif., August 09, 2022--Ignitis Gamyba Chooses GE Digital’s OPM Production Planning Software to Accurately Forecast Day-Ahead Electricity Trading
Shares in engineering and design software company General Electric (NYSE: GE) rose 16.1% in July, according to data provided by S&P Global Market Intelligence. As such, investors can look forward to a release of value as GE is broken up in the coming years.