Large Outflow of Money Witnessed in General Electric Company

General Electric Company (GE) : The total money flow in General Electric Company (GE) was negative ($16.19 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $106.22 million. Transactions on upticks were comparatively lower at $90.02 million. The uptick to downtick ratio was 0.85. The total block trades done on upticks were valued at $15.21 million. The total block trades on downticks were valued at $34.08 million. The uptick to the downtick ratio of block trades was 0.45. The money flow during block trades was negative ($18.86 million) when the stock traded with a gain of $2 cent. General Electric Company (GE) was $29.9, an increase of 0.07% over the previous days close.


Shares of General Electric Company appreciated by 0.17% during the last five trading days but lost 3.91% on a 4-week basis. General Electric Company has dropped 1.36% during the last 3-month period . Year-to-Date the stock performance stands at -1.75%.

General Electric Company (GE) : 12 analysts are covering General Electric Company (GE) and their average rating on the stock is 2.08, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. General Electric Company (GE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

General Electric Company (NYSE:GE): The stock opened at $29.92 and touched an intraday high of $29.94 on Wednesday. During the day, the stock corrected to an intraday low of $29.6, however, the bulls stepped in and pushed the price higher to close in the green at $29.9 with a gain of 0.07% for the day. The total traded volume for the day was 26,750,633. The stock had closed at $29.88 in the previous trading session.

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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