General Electric Co (GE) Files Form 4 Insider Buying : Jeffrey R Immelt Buys 67,600 Shares

General Electric Co (GE): Jeffrey R Immelt , CEO of General Electric Co purchased 67,600 shares on May 20, 2016. The Insider buying transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were purchased at $29.59 per share for a total value of $2,000,284.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 27, 2016, Alexander Dimitrief (Senior Vice President) purchased 105 shares at $30.51 per share price.On Feb 5, 2016, Jeffrey S Bornstein (Senior Vice President) sold 168,313 shares at $28.87 per share price.Also, On May 1, 2015, Francisco Dsouza (director) purchased 36,500 shares at $27.26 per share price.On May 1, 2015, Mary L Schapiro (director) purchased 7,000 shares at $27.22 per share price.

General Electric Company: On Friday, May 20, 2016 heightened volatility was witnessed in General Electric Company which led to swings in the share price. The shares opened for trading at $29.53 and hit $29.68 on the upside , eventually ending the session at $29.56, with a gain of 0.68% or 0.2 points. The heightened volatility saw the trading volume jump to 3,50,04,526 shares. The 52-week high of the share price is $32.05 and the company has a market cap of $271,824 M . The 52-week low of the share price is at $19.37.

General Electric Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.General Electric Company is Resumed by JP Morgan to Underweight. The Rating was issued on May 12, 2016.General Electric Company is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $32 .The Rating was issued on May 5, 2016.General Electric Company is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 34 from a previous price target of $36 . The Rating was issued on Apr 26, 2016.General Electric Company is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 .The Rating was issued on Apr 25, 2016.General Electric Company is Downgraded by Bernstein to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 4, 2016.

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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