GE Stock – General Electric Company (GE) Rises 2.7% for March 30
Among the biggest risers on the S&P 500 on Tuesday March 30 was General Electric Company ($GE), popping some 2.7% to a price of $13.30 a share with
some 52.53 million shares trading hands.
Starting the day trading at $12.98, General Electric Company reached an intraday high of $13.36 and hit intraday lows of $12.90. Shares gained $0.35 apiece by day’s end. Over the last 90
days, the stock’s average daily volume has been n/a of its 8.78 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day
SMA at $n/a with a 52-week range of $5.49 to $14.42.
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel, precision health, and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, onshore and offshore wind turbines, as well as medical diagnostic and mobile equipment. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by former Danaher alum Larry Culp who is leading a multi-year turnaround of the storied conglomerate based on Lean principles.
General Electric Company has its corporate headquarters located in Boston, MA and employs 174,000 people. Its market cap has now risen to $116.84 billion after today’s trading, its P/E
ratio is now n/a, its P/S n/a, P/B 3.28, and P/FCF n/a.
You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of General Electric Company, check out Stock Valuation Analysis tool for GE.
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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional
investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting
method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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