Alert: Major Price Decline (4/2/24)-General Electric Co (NYSE: GE).


General Electric Co (NYSE: GE) stock closed at $136.47 on 4/2/24 after a major decline of -22.2%. Moreover, trading volume in this decline was exceptionally high at 305% of normal. The stock has declined -22.1% during the last week but has been exceptionally strong relative to the market over the last nine months.


Current PriceTarget Research Rating

GE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

General Electric has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. General Electric has a poor Appreciation Score of 16 but a very high Power Rating of 97, producing the Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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