Should You Buy General Electric Company (GE) Stock After it Has Risen 2.15% in a Week?

General Electric Company (GE) stock has risen 2.15% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

General Electric Company has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GE!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With GE Stock Today?

General Electric Company (GE) stock is trading at $103.52 as of 12:56 PM on Thursday, Sep 23, a gain of $5.00, or 5.08% from the previous closing price of $98.52. The stock has traded between $99.52 and $103.79 so far today. Volume today is 6,773,487 compared to average volume of 9,011,128. To screen for more stocks like General Electric Company click here.

More About General Electric Company

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. Click Here to get the full Stock Report for General Electric Company stock.