Shares of General Electric Company (GE) Rally 2.11%

General Electric Company (GE) : Traders are bullish on General Electric Company (GE) as it has outperformed the S&P 500 by a wide margin of 2.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.11% in the last 1 week, and is up 7.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.34% and the 50-Day Moving Average is 8.32%.

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 $32.76 and $32.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.88, notching a gain of 0.77% for the day. The total traded volume was 42,308,770 . The stock had closed at $32.63 on the previous day.


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 3.16% . Institutional Investors own 56.56% of General Electric Company shares. During last six month period, the net percent change held by insiders has seen a change of 2.42%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of General Electric Co, Immelt Jeffrey R had purchased shares worth of $2,000,284 in a transaction dated on May 20, 2016. A total of 67,600 shares were purchased at a price of $29.59 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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