GE Completes Historic Split into 3 Focused Public Companies After Long Run as Industrial Conglomerate

GE has completed its split into 3 separate public companies focused on aviation, energy, and healthcare that started trading on the stock exchanges this week
This marks the end of GE's long history as a broad conglomerate involved in many industries from lightbulbs to jet engines
Under former CEO Jack Welch, GE stock massively outperformed for years, but began lagging in 2001
The split is the final step in a multi-year transformation to move away from GE's traditional conglomerate structure
The aviation unit retaining the GE name trades under "GE", energy as "GEV", and healthcare as "GEHC"