GE health care spinoff begins trading on Wednesday under ticker GEHC

Yahoo Finance's Dave Briggs discusses General Electric's health care spinoff hitting public markets on Wednesday.

Video transcript

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- OK, my stock to watch for tomorrow is GE Healthcare. The company is set to start its first day of trading tomorrow at market open under the ticker GEHC. This is the first step in the splitting up of General Electric into three separate businesses. GE's health care unit makes about $18 billion in annual revenue from MRI imaging, ultrasounds, and pharmaceutical diagnostics and currently has a valuation of $31 billion. GE stock ended 22 down almost 12%