General Electric Company Sees Unusually Large Options Volume (GE)
Shares of General Electric Company (NYSE:GE) were the recipient of unusually large options trading on Friday. Stock traders bought 46,789 put options on the company, Analyst RN reports. This is an increase of approximately 281% compared to the typical volume of 12,293 put options.
A number of analysts have recently weighed in on GE shares. Analysts at Sanford C. Bernstein upgraded shares of General Electric Company from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $33.00 price target on the stock, up previously from $29.00. Separately, analysts at Bernstein upgraded shares of General Electric Company from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $33.00 price target on the stock, up previously from $29.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of General Electric Company in a research note on Tuesday, July 22nd. They now have a $27.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. General Electric Company currently has a consensus rating of “Buy” and an average price target of $29.23.
Shares of General Electric Company (NYSE:GE) traded down 0.93% during mid-day trading on Friday, hitting $25.64. 28,120,050 shares of the company’s stock traded hands. General Electric Company has a 52 week low of $22.92 and a 52 week high of $28.09. The stock has a 50-day moving average of $26.03 and a 200-day moving average of $26.05. The company has a market cap of $257.3 billion and a price-to-earnings ratio of 20.31.
General Electric Company (NYSE:GE) last posted its quarterly earnings results on Friday, July 18th. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.39. The company had revenue of $36.20 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that General Electric Company will post $1.68 EPS for the current fiscal year.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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