General Electric Co (GE) Underperforms All mega cap US stocks, Down 5.01%; Price Base in Formation Over Past 90 Days

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.

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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…

    Choupi