General Electric Co. (NYSE: GE) shares traded lower on Friday by 1.86% and ended the day at $16.35.
Shares of the conglomerate have been declining during the last several weeks, but have recently rebounded off its historical support level of $16.00, which many technical investors see as a bullish sign.
Call purchases were reported on Friday by Benzinga and other sources on Friday. Reportedly, June $19.00 call purchases were sold 3,800 times for $0.06. Volume has since grown to nearly 11,000 contracts.
The open interest currently sits at 83,407 contracts, which suggest that a short call position may have been closed out.
General Electric Company (GE) is a diversified technology, media and financial services company. The Company’s products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The Company serves customers in more than 100 countries
