Stock Traders Buy Large Volume of General Electric Company Call Options (GE)
Shares of General Electric Company (NYSE:GE) were the recipient of some unusual options trading on Tuesday. Traders bought 31,789 call options on the stock, AnalystRatings.Net reports. This is an increase of approximately 101% compared to the average daily volume of 15,834 call options.
A number of research firms have recently commented on GE. Analysts at Credit Suisse initiated coverage on shares of General Electric Company in a research note on Monday, August 18th. They set an “outperform” rating and a $30.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $29.31.
Shares of General Electric Company (NYSE:GE) traded down 0.73% on Tuesday, hitting $26.01. The stock had a trading volume of 26,096,240 shares. General Electric Company has a 52 week low of $22.92 and a 52 week high of $28.09. The stock’s 50-day moving average is $25.97 and its 200-day moving average is $26.12. The company has a market cap of $261.0 billion and a P/E ratio of 20.57.
General Electric Company (NYSE:GE) last released its earnings data 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. On average, analysts predict that General Electric Company will post $1.68 earnings per share for the current fiscal year.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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