General Electric Co (GE) Underperforms All mega cap US stocks, Makes Big Move Relative to Two Week Trend; Crosses 20 Day Moving Average

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.

GE

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

    ToTheMoon31