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

General Electric Company (GE) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($9.16 million) and the uptick to downtick ratio was 0.83. The transaction value on upticks was $44.85 million and on downticks, the transaction value was $54.02 million. In block trades, the transaction value of inflow done during uptick was $7.48 million. The transaction value of block trades during downticks was $11.21 million. The uptick to downtick block trade ratio was 0.67. The money flow was negative ($3.72 million), indicating the traders were booking profit on the price strength. General Electric Company (GE) rose $0.01 at $31.37, during intraday Tuesday , a rise of 0.03% over the previous days close.


Also, Bernstein maintains its rating on General Electric Company (NYSE:GE). The global brokerage major maintains a current price target of $34 per share. Analysts at the Bernstein have a current rating of Market Perform on the shares. The rating by the firm was issued on July 26, 2016.

Shares of General Electric Company rose by 0.45% in the last five trading days and 0.71% for the last 4 weeks. General Electric Company is up 4.97% in the last 3-month period. Year-to-Date the stock performance stands at 2.28%.

General Electric Company (NYSE:GE): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.34 and $31.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.37, notching a gain of 0.03% for the day. The total traded volume was 18,137,873 . The stock had closed at $31.36 on the previous day.

In a related news, Immelt Jeffrey R, CEO of General Electric Co, executed a transaction worth $1,572,500 on July 26, 2016. A total of 50,000 shares were purchased at an average price of $31.45. The Insider information was divulged by the Securities and Exchange Commission 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 (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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