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

General Electric Company (NYSE:GE) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (6.22 million) in General Electric Company (NYSE:GE). On Wednesday, The value of composite uptick trades was $148.6 million, whereas, the value of composite downtick trades was $154.82 million and the ratio between the two was 0.96, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $37.23 million. $44.55 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 1.2. The negative money flow of ($7.31 million) shows selling on strength. General Electric Company (NYSE:GE) gained $0.6 intraday at $30.54 and registrered 2% for the week.


In an insider trading activity, Immelt Jeffrey R, CEO of General Electric Co had purchased 67,600 shares on May 20, 2016 in a transaction. The price per share was $29.59 and the total amount of the disclosed transaction was $2,000,284.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices. 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 56.59% of General Electric Company shares. During last six month period, the net percent change held by insiders has seen a change of 2.42%.

The company shares have rallied 12.30% 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 $30.13 and the 200 Day Moving Average price is recorded at $30.02. General Electric Company (NYSE:GE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.51 and $30.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.55, notching a gain of 2.04% for the day. The total traded volume was 35,868,200 . The stock had closed at $29.94 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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