Large Inflow of Money Detected in General Electric Company

General Electric Company (GE) : Wednesdays money flow data in General Electric Company (GE) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $151.67 million, whereas, $149.57 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.01, in favor of the bulls. The total money flow into the stock was $2.1 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $-8.27 million. The total value of block trades done on upticks was $32.36 million. The value of bearish trades on downticks was only $40.63 million.The up/down ratio in the block trades was a healthy 0.8 in favor of the bulls, suggesting strong buying in the stock by large traders. General Electric Company (GE) fell $0.13 and traded at $32.8, down -0.39% for the day, over previous days close. On a weekly basis, the shares are -0.24% over the previous weeks close.


Also, 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 (NYSE:GE): The stock opened at $32.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $33.00 for the day. The stock traded down to $32.70 during the day, due to lack of any buying support eventually closed down at $32.78 with a loss of -0.46% for the day. The stock had closed at $32.93 on the previous day. The total traded volume was 35,557,794 shares.

The stock has recorded a 20-day Moving Average of 3.92% and the 50-Day Moving Average is 7.33%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of General Electric Co, Immelt Jeffrey R had purchased shares worth of $2,000,284 in a transaction dated on May 20, 2016. A total of 67,600 shares were purchased at a price of $29.59 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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