Large Inflow of Money Detected in General Electric Company

General Electric Company (GE) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $148.76 million worth of transactions were on upticks, whereas, the downticks accounted for $64.68 million worth of transactions. The net money flow was a positive $84.07 million and the uptick to downtick ratio was 2.3. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 11.12 in their favor. The net money flow into the stock was $75.02 million. The value of block trades done on downticks was only $7.41 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $82.43 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. General Electric Company (GE) was trading at $31.24, down $0.05 during day. The stock slid -0.16% over the previous days close. For the week, the stock recorded -0.13% over the previous weeks close.


General Electric Company has lost 0.1% in the last five trading days and dropped 4.99% in the last 4 weeks. General Electric Company is up 5.06% in the last 3-month period. Year-to-Date the stock performance stands at 1.86%.

General Electric Company (NYSE:GE): The stock was completely flat for the day, closing at $31.24 on Monday. The flat closing masks the intraday volatility in the stock. After opening at $31.30, the stock touched an intraday high of $31.35 and a low of $31.22. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $31.24. The total trading volume on Monday was 19,553,314.

In a related news, Immelt Jeffrey R, CEO of General Electric Co had purchased 50,000 shares on July 26, 2016 in a transaction. The price per share was $31.45 and the total amount of the disclosed transaction was $1,572,500.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.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.