Streetbeat News

General Electric Company

https://www.geaerospace.com

Industry

Aerospace & Defense

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.

Open

176.75

Mkt cap

191B

Volume

4.6M

High

177.92

P/E Ratio

34.90

52-wk high

194.80

Low

175.89

Div yield

0.01

52-wk low

94.31

GE Aerospace has delivered two T901-GE-900 engines to the U.S. Army for testing on the UH-60 Black Hawk. The engines, which incorporate advanced technologies, were unveiled at Sikorsky’s facility. This follows the inaugural ground run of an aircraft equipped with a T901 engine. GE shares are trading lower by 0.45%.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 4:22 pm

U.S. equity futures rose slightly after the Fed's preferred inflation gauge, the PCE, fell to a 3-year low of 2.6% in May. This increased market expectations for a September rate cut. Top-performing stocks included Southern Copper, Intuit, and Toronto-Dominion Bank. ETFs like Global X Copper Miners and iShares Russell 2000 also saw gains.

Portfolio Pulse from Piero Cingari

June 28, 2024 | 1:39 pm

The U.S. Army has accepted GE Aerospace's T901 engines to enhance the turbine engine program for UH-60 Black Hawk flight testing. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:04 pm

Deep-pocketed investors have adopted a bearish approach towards GE Aero (NYSE:GE), with significant options activity indicating a potential price range of $160.0 to $175.0. The majority of the options trades are bearish, with 7 puts totaling $308,790 and 3 calls amounting to $179,328. The current trading volume is 2,317,494, with GE's price up by 1.8% at $163.43. An analyst from Deutsche Bank maintains a Buy rating with a target price of $209.0.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 6:01 pm

GE Aerospace shares are trading lower after its customer, Airbus, cut its 2024 targets.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:20 am

GE Aero's short interest has risen by 20.59%, with 13.38 million shares sold short, representing 1.23% of its float. This is lower than the peer group average of 2.44%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 1:45 pm

Benzinga's Stock Whisper Index highlights five stocks that are gaining attention from investors: Zimmer Biomet Holdings, Pure Storage Inc, Apollo Global Management, Cisco Systems, and GE Aerospace. These companies are involved in significant partnerships, technological advancements, and market trends that could impact their stock prices.

Portfolio Pulse from Chris Katje

June 21, 2024 | 3:19 pm

GE Aero (NYSE:GE) has outperformed the market over the past 5 years with an average annual return of 26.47%, resulting in a $1000 investment growing to $3,217.17. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 5:00 pm

Boeing is facing challenges in its search for a new CEO as several high-profile candidates have declined the role. Current CEO David Calhoun plans to resign by year-end and will testify before Congress on various issues. Boeing's stock is down 1.73% amid these developments.

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 4:18 pm

Boeing's search for a new CEO has encountered difficulties as GE's CEO Larry Culp has declined an approach to take over the role. This development adds uncertainty to Boeing's leadership transition.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:28 pm

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