General Electric Co 4 Hour Price Update
Updated July 30, 2020 04:39 PM GMT (12:39 PM EST)
The price of GE fell $-0.28 (-4.25%) over the past four hours. To help put that in perspective, note that General Electric Co’s peers in the in the Electrical Equipment industry are down -1.55% on average during this time, while its counterparts in the broader Industrials sector are down by an average of -1.22%.
General Electric Co Daily Price Recap
6.59 was the closing price of the day for General Electric Co, resulting in today being one in which price moved down 4.35% ($0.3) from the day prior. As for how volume fared, yesterday’s volume was up 95.36% from the previous day (Tuesday), and up 202.55% from Wednesday of the week before. Below is a daily price chart of General Electric Co.
General Electric Co Technical Analysis
Notably, General Electric Co crossed below its 20 day moving average yesterday. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that General Electric Co’s price has gone up 8 of the previous 14 trading days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to GE:
$RTX Going to keep harping on this. $GE who has just fallen apart as a company over the last two years still has a larger market cap than RTX. Someone please explain that. RTX’s potential seems much better with a more solid balance sheet, more cash, and not 1,000 issues sitting in the background