General Electric Up Just Over 10% After 4Q Earnings Report -- Data Talk
January 29 2020 - 11:21AM
Dow Jones News
General Electric Company (GE) is currently at $12.90, up $1.18
or 10.02%
-- Would be highest close since Oct. 9, 2018, when it closed at
$13.02
-- On pace for largest percent increase since Oct. 30, 2019,
when it rose 11.47%
-- Earlier Wednesday, General Electric reported that
fourth-quarter net income fell 6% to $538 million. Although revenue
dropped 1% to $26.24 billion, it exceeded analyst expectations of
$25.69 billion, according to FactSet. Excluding various items, GE
said it earned 21 cents a share, above the consensus view of 18
cents
-- Bank of America Securities upgraded its rating on GE to buy
from neutral and raised its price target to $16.00/share from
$12.00/share, Benzinga reported
-- Currently up two consecutive days; up 12.81% over this
period
-- Best two day stretch since the two days ending Jan. 31, 2019,
when it rose 14.16%
-- Up 15.64% month-to-date
-- Down 77.62% from its all-time closing high of $57.68 on Aug.
28, 2000
-- Up 47.53% from 52 weeks ago (Jan. 30, 2019), when it closed
at $8.75
-- Would be a new 52 week closing high
-- Up 62.74% from its 52 week closing low of $7.93 on Aug. 27,
2019
-- Traded as high as $12.95; highest intraday level since Oct.
10, 2018, when it hit $13.13
-- Up 10.4% at today's intraday high; largest intraday percent
increase since Oct. 30, 2019, when it rose as much as 14.33%
-- Second best performer in the S&P 500 today
-- Most active stock in the S&P 500 today
All data as of 10:42:05 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
January 29, 2020 11:06 ET (16:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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