GEV — S&P 500 index addition

GE Vernova (GEV) entered the S&P 500 at the close on Apr 2, 2024. The recorded announcement came 7 calendar days before the effective close, on Mar 26, 2024. The company is classified in Utilities in this dataset.

A comparable 30-day run-up is not reported here because the announcement date or the required price history was not recorded. Measured from the effective close, GEV returned 1W: +5.0% versus +0.3% for the 28-entry index median; 1M: +14.3% versus +2.2% for the 28-entry index median; 3M: +22.9% versus +5.2% for the 28-entry index median; 1Y: +250.0% versus +11.6% for the 24-entry index median. These figures do not measure movement from the announcement price.

At 1M, it ranks 3rd of 28 measured S&P 500 additions and beat the benchmark by 17.8 percentage points. At 3M, it ranks 4th of 28 measured S&P 500 additions and beat the benchmark by 18.5 percentage points. At 1Y, it ranks 2nd of 24 measured S&P 500 additions and beat the benchmark by 242.8 percentage points. The other 1 Utilities addition with a measured 1M return averaged -3.3%. This is historical context, not a projection.