28-Mar-2024
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Here's How Much $1000 Invested In General Electric 5 Years Ago Would Be Worth Today
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GE Bullish Calendar Call Spread with 309% Upside
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Boeing CEO Dave Calhoun says he's quitting at year-end
Seeking Alpha News (Mon, 25-Mar 10:53 AM ET)
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 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, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading GE through a breakup of its businesses.
General Electric Company trades on the NYSE stock market under the symbol GE.
As of March 28, 2024, GE stock price declined to $175.53 with 8,423,491 million shares trading.
GE has a beta of 0.89, meaning it tends to be less sensitive to market movements. GE has a correlation of 0.32 to the broad based SPY ETF.
GE has a market cap of $191.90 billion. This is considered a Large Cap stock.
Last quarter General Electric Company reported $19 billion in Revenue and $1.03 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.13.
In the last 3 years, GE stock traded as high as $180.36 and as low as $59.93.
The top ETF exchange traded funds that GE belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
GE has outperformed the market in the last year with a price return of +88.4% while the SPY ETF gained +33.6%. GE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +36.9% and +3.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
GE support price is $176.98 and resistance is $183.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GE stock will trade within this expected range on the day.