General Electric Co 4 Hour Price Update
Updated July 31, 2020 04:37 PM GMT (12:37 PM EST)
GE’s price is down $-0.23 (-3.75%) over the past four hours of trading. For context, General Electric Co’s peers in the in the Electrical Equipment industry are down -2.18% on average in this time, while the broader Industrials sector is down by an average of -2.06%.
General Electric Co Daily Price Recap
General Electric Co is down 5.01% ($0.33) since yesterday, marking the 2nd day in a row a decline has happened. The price move occurred on volume that was down 14.34% from the day prior, but up 81.69% from the same day the week before. Here is a daily price chart of General Electric Co.
General Electric Co Technical Analysis
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 6 out of the past 10 days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about GE:
$GE lost $1.25/share after a decent earning that any FAANG would gain 25% on. People are treating this company like it belongs to airlines or cruise lines. This is not a covid19 exposed company. Yes, we are losing money on aircraft engines, but we level it our if not more with Medical systems. GE Power is making money hands-over-fist during covid19; how else you think all the additional energy come from —> sure ain't from SolarCity of $TSLA.
Educate yourselves to really understand how big diversified companies like GE work. It is built to weather any weathers….
STOP TREATING GE LIKE AN AIRLINE COMPANY. IT IS NOT…