Shares of General Electric Company (GE) Sees Large Outflow of Money

General Electric Company (GE) : The total money flow in General Electric Company (GE) was negative ($24.72 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $143.27 million. In comparison, the inflow of money into the stock on upticks was $118.55 million. The uptick to downtick ratio was 0.83. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $30.09 million. The value of transactions on uptick was $13.59 million. The negative money flow of ($16.5 million) confirms the selling in General Electric Company (GE) on strength. The uptick to downtick ratio of block trades was 0.45. General Electric Company (GE) gained $0.07 at $31.81, a gain of 0.22% over the previous days close. However, the stock registered 1.02% in the week.


General Electric Company (GE) : 10 Wall Street analysts covering General Electric Company (GE) believe that the average level the stock could reach for the short term is $33. The maximum price target given is $38 and the minimum target for short term is around $28, hence the standard deviation is calculated at $2.94. The stock has recorded a 20-day Moving Average of 4.18% and the 50-Day Moving Average is 5.51%.

General Electric Company (NYSE:GE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.81 and $31.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.82, notching a gain of 0.25% for the day. The total traded volume was 37,517,858 . The stock had closed at $31.74 on the previous day.

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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