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

Wednesday, July 01, 2020 03:15 PM | InvestorsObserver Analysts

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

General Electric Company (GE) stock is higher by 3.37% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
General Electric Company has a Bullish 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 has fallen -1.1% while the S&P 500 is up 0.48% as of 3:12 PM on Wednesday, Jul 1. GE is lower by -$0.08 from the previous closing price of $6.82 on volume of 58,401,012 shares. Over the past year the S&P 500 is higher by 5.09% while GE is lower by -36.50%. GE lost -$0.33 per share in the over the last 12 months.

To see the top 5 stocks in the Specialty Industrial Machinery industry 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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