General Electric Company (NYSE:GE) has climbed 1.86% in the past week and advanced 3.52% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.09% and the outperformance has advanced to 2.57% for the last 4 weeks period.
General Electric Company (NYSE:GE): The stock opened at $30.65 on Friday but the bulls could not build on the opening and the stock topped out at $30.72 for the day. The stock traded down to $30.45 during the day, due to lack of any buying support eventually closed down at $30.60 with a loss of -0.13% for the day. The stock had closed at $30.64 on the previous day. The total traded volume was 55,635,867 shares.
The company shares have rallied 11.60% from its 1 Year high price. On Mar 31, 2016, the shares registered one year high at $32.05 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $30.11 and the 200 Day Moving Average price is recorded at $30.02.
On the companys insider trading activities, Immelt Jeffrey R, CEO of General Electric Co, executed a transaction worth $2,000,284 on May 20, 2016. A total of 67,600 shares were purchased at an average price of $29.59. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Cowen & Company initiates coverage on General Electric Company (NYSE:GE). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm announces the price target at $29 per share. The rating by the firm was issued on June 7, 2016. Currently 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 56.58% of General Electric Company shares. During last six month period, the net percent change held by insiders has seen a change of 2.42%.
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.