Stock Traders Purchase Large Volume of General Electric Put Options (GE)
Shares of General Electric (NYSE:GE) saw unusually large options trading activity on Friday. Stock investors bought 25,818 put options on the stock, American Banking News reports. This is an increase of approximately 178% compared to the average daily volume of 9,285 put options.
GE has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of General Electric (NYSE:GE) in a research note to investors on Wednesday, September 11th. Separately, analysts at Argus reiterated a “buy” rating on shares of General Electric (NYSE:GE) in a research note to investors on Wednesday, September 11th. They now have a $28.00 price target on the stock.
Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. General Electric has an average rating of “Buy” and an average target price of $27.73.
Shares of General Electric (NYSE:GE) opened at 24.23 on Monday. General Electric has a 1-year low of $19.87 and a 1-year high of $24.95. The stock’s 50-day moving average is $23.86 and its 200-day moving average is $23.47. The company has a market cap of $246.8 billion and a price-to-earnings ratio of 17.77.
General Electric (NYSE:GE) last announced its earnings results on Friday, July 19th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $35.12 billion for the quarter, compared to the consensus estimate of $35.58 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts predict that General Electric will post $1.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, September 19th.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.