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Should You Buy General Electric Company (GE) Stock After it Is Down 1.33% in a Week?

Monday, November 29, 2021 02:42 PM | InvestorsObserver Analysts

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Should You Buy General Electric Company (GE) Stock After it Is Down 1.33% in a Week?

The market has been down on General Electric Company (GE) stock recently. GE gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GE Stock Today?

General Electric Company (GE) stock is trading at $98.63 as of 2:40 PM on Monday, Nov 29, a rise of $0.74, or 0.76% from the previous closing price of $97.89. Volume today is 5,995,769 compared to average volume of 7,242,152. The stock has traded between $96.83 and $100.43 so far today. 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.

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