Large Outflow of Money Witnessed in General Electric Company

General Electric Company (GE) surged 0.07% during the last session. The last traded price was up 0.02 points at $29.72. The data for the fund flow suggests that the net intraday money flow was $(-16.41) million. The fund value in upticks was recorded to be $19.49 million and in downticks, it was found to be $35.9 million. The up/down ratio for the day was measured to be 0.54. For the week, the shares have seen a percentage change of -0.97%.A block trade of $(-17.18) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0.6 million and that of downticks was $17.77 million. The block tradeoff had the up/down ratio of 0.03.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

General Electric Company has lost 2.24% in the last five trading days and dropped 6.04% in the last 4 weeks. General Electric Company is up 2.8% in the last 3-month period. Year-to-Date the stock performance stands at -6.04%. General Electric Company (NYSE:GE) witnessed a decline in the market cap on Wednesday as its shares dropped 0.03% or 0.01 points. After the session commenced at $29.73, the stock reached the higher end at $29.81 while it hit a low of $29.56. With the volume soaring to 25,682,267 shares, the last trade was called at $29.69. The company has a 52-week high of $33. The company has a market cap of $262,649 million and there are 8,846,390,000 shares in outstanding. The 52-week low of the share price is $27.1.

Company has reported several Insider transactions to the SEC, on Jan 23, 2017, Alexander Dimitrief (Senior Vice President) purchased 231 shares at 30.50 per share price.On Nov 9, 2016, Jeffrey R Immelt (CEO) purchased 50,000 shares at 29.24 per share price.On Feb 5, 2016, Jeffrey S Bornstein (Senior Vice President) sold 168,313 shares at 28.87 per share price.

General Electric Company Last issued its quarterly earnings results on Jan 20, 2017. The company reported $0.46 EPS for the quarter. Analyst had a consensus estimate of $0.46. The company had revenue of $33088.00 million for the quarter, compared to analysts expectations of $33668.72 million. The companys revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.General Electric Company was Upgraded by Bernstein to Outperform on Dec 16, 2016.

General Electric Company operates as a technology and financial services company. Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. The companys Energy Infrastructure segment offers wind turbines; gas and steam turbines and generators. Its Aviation segment offers jet engines, turboprop and turbo shaft engines, aerospace systems and equipment. Its Healthcare segment provides medical imaging and information technologies, medical diagnostics, patient monitoring systems. Its Transportation segment provides drive technology solutions to various industries. Its Home and Business Solutions segment provides home appliances; lighting products, plant automation, hardware, software, and embedded computing systems. Its GE Capital segment offers commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. General Electric Company is headquartered in Fairfield, Connecticut.


Share this post

Leave a Reply