Shares of General Electric Company (NYSE:GE) Sees Large Inflow of Net Money Flow

General Electric Company (NYSE:GE) witnessed a selling pressure and the shares last traded with a loss of -0.21 points or -0.7% at $29.83. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $145.63 million with an inflow of $234.77 million in upticks and an outflow of $89.15 million in downticks. Using the data, the up/down ratio is found to be 2.63. The share price has recorded -0.37% on a weekly basis.A block trade of $153.32 million in uptick and $7.78 million in downtick was also observed, resulting in an up/down ratio of 19.7. The net money flow of the block trade stood at a $145.54, signaling heavy buying.


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%. On the companys insider trading activities, Immelt Jeffrey R, CEO of General Electric Co, had purchased 67,600 shares on May 20, 2016. The total value of the transaction was $2,000,284. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

General Electric Company (NYSE:GE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 0.7% at $29.83 with 32,959,955 shares getting traded. Post opening the session at $29.98, the shares hit an intraday low of $29.79 and an intraday high of $30.13 and the price was in this range throughout the day. The company has a market cap of $274,306 million and the number of outstanding shares have been calculated to be 9,195,657,000 shares. The 52-week high of General Electric Company (NYSE:GE) is $32.05 and the 52-week low is $19.37.

Many analysts have stated their opinion on the company shares. Cowen & Company initiates coverage on General Electric Company (NYSE:GE).The analysts at the brokerage house have a current rating of Market Perform on the shares. In a recent information released to the investors, Cowen & Company announces the price target of $29 per share. The rating by the firm was issued on June 7, 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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