General Electric Company (GE) Shares are Up 0.03%

General Electric Company (GE) has been under a strong bear grip, hence the stock is down -2.9% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.06% in the past 1 week. The stock has risen by 0.03% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.53% in the past 4 weeks.

General Electric Company is up 6.52% in the last 3-month period. Year-to-Date the stock performance stands at 1.89%. The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 0.13%.


General Electric Company (NYSE:GE): The stock opened at $31.32 on Friday but the bulls could not build on the opening and the stock topped out at $31.40 for the day. The stock traded down to $31.18 during the day, due to lack of any buying support eventually closed down at $31.25 with a loss of -0.57% for the day. The stock had closed at $31.43 on the previous day. The total traded volume was 24,742,797 shares.

Also, Equity Analysts at the Bernstein maintains the rating on General Electric Company (NYSE:GE). The brokerage firm has issued a Market Perform rating on the shares. The Analysts at the ratings agency maintains the price target to $34 per share. The rating by the firm was issued on July 26, 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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