General Electric Company (GE) has been under a strong bear grip, hence the stock is down -5.21% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.02% in the past 1 week. The stock has risen by 0.45% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.86% in the past 4 weeks.
General Electric Company (NYSE:GE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.27 and $31.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.28, notching a gain of 0.35% for the day. The total traded volume was 21,577,288 . The stock had closed at $31.17 on the previous day.
The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 0.87%. General Electric Company is up 4.64% in the last 3-month period. Year-to-Date the stock performance stands at 1.99%.
General Electric Company (GE) : The highest level General Electric Company (GE) is projected to reach is $38 for the short term and the lowest estimate is at $28. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $33.9 and the possibility the share price can swing is $3.35.
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.