Large Outflow of Money Witnessed in General Electric Company

General Electric Company (GE) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.23 million) in General Electric Company (GE). On Friday, The value of composite uptick trades was $50.93 million, whereas, the value of composite downtick trades was $54.16 million and the ratio between the two was 0.94, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $12.54 million. $4.82 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.38. The negative money flow of ($7.72 million) shows selling on strength. General Electric Company (GE) gained $0.09 intraday at $31.29 and registrered 0.27% for the week.


The company Insiders own 0.23% of General Electric Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.33% . Institutional Investors own 55.96% of General Electric Company shares. During last six month period, the net percent change held by insiders has seen a change of 5.03%.

In a related news, Immelt Jeffrey R, CEO of General Electric Co, had purchased 50,000 shares on July 26, 2016. The total value of the transaction was $1,572,500. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

General Electric Company (NYSE:GE): The stock opened at $31.25 and touched an intraday high of $31.45 on Friday. During the day, the stock corrected to an intraday low of $31.23, however, the bulls stepped in and pushed the price higher to close in the green at $31.29 with a gain of 0.29% for the day. The total traded volume for the day was 20,807,497. The stock had closed at $31.2 in the previous trading session.

On a relative basis, the stock has outperformed the S&P 500 by 0.16% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.19% in the last 1 week, and is up 0.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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.

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