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Wall Street's Analysis on General Electric Company (GE) Stock's Recent Behavior

Wednesday, June 24, 2020 03:49 PM | InvestorsObserver Analysts

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Wall Street's Analysis on General Electric Company (GE) Stock's Recent Behavior

Overall market sentiment has been down on General Electric Company (GE) stock lately. GE receives a Bearish rating from InvestorsObserver's 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.

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 $6.60 as of 3:44 PM on Wednesday, Jun 24, a drop of -$0.42, or -5.99% from the previous closing price of $7.02. The stock has traded between $6.56 and $6.90 so far today. Volume today is 116,084,178 compared to average volume of 119,797,691.

To screen for more stocks like General Electric Company click here.

More About General Electric Company

With historical ties to inventor Thomas Edison, General Electric was formed through the combination of two companies in 1892. Today, GE is known for its digital industrial offerings and massive installed base spread across a variety of products and services, including aircraft engines, gas turbines, wind turbines, and medical diagnostic equipment, among others. After the sale of GE Transportation to Wabtec and a majority of its stake in Baker Hughes, as well as the sale of GE Biopharma to Danaher, the company's focus turns to Aviation, legacy Healthcare, Power, and Renewable Energy. The company continues to embark on a multiyear turnaround under the lean manufacturing expertise of former Danaher CEO H. Lawrence Culp, who has slowly started to shift GE's culture in a positive direction.

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