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

195.37

Mkt cap

212B

Volume

2.7M

High

197.70

P/E Ratio

32.37

52-wk high

212.19

Low

193.60

Div yield

0.01

52-wk low

133.99

The US government has approved General Electric's (NYSE:GE) transfer of jet engine manufacturing technology to India. GE will collaborate with Hindustan Aeronautics Limited (HAL) to co-produce jet engines for India's fighter jet program. The final agreement is expected to be signed during Indian Prime Minister Narendra Modi's visit to the US.

Portfolio Pulse from Arpit Nayak

June 07, 2023 | 12:55 pm

Barclays analyst Julian Mitchell maintains an Overweight rating on General Electric (NYSE:GE) and raises the price target from $115 to $125.

Portfolio Pulse from jenniferd'souza@benzinga.com

June 07, 2023 | 10:28 am

The SEC has accused Binance and Coinbase of acting as unregistered brokers, with Binance taking the biggest hit as $300M in crypto positions were liquidated in 24 hours. JPMorgan has clarified that CEO Jamie Dimon is not running for presidency.

Portfolio Pulse from Vandana Singh

June 06, 2023 | 1:44 pm

General Electric is offering 25 million shares in GE HealthCare Technologies, expecting to raise about $2 billion. GE will also exchange up to 28.75 million GE HealthCare shares for debt held by Morgan Stanley affiliates.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 11:26 am

Barnes Group Inc (NYSE:B) has agreed to acquire MB Aerospace for $740 million, its largest acquisition ever. MB Aerospace offers precision aero-engine component manufacturing and repair services. The acquisition is expected to close in Q4 2023, and Barnes expects revenue growth, adjusted operating margin, and adjusted EPS accretion in 2024 from the deal.

Portfolio Pulse from Lekha Gupta

June 05, 2023 | 3:22 pm

A large investor has taken a bullish stance on General Electric (NYSE:GE), with Benzinga's options scanner spotting 10 uncommon options trades. The sentiment of these big-money traders is split 50% bullish and 50% bearish. Whales have been targeting a price range of $40 to $115 for GE over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 8:46 pm

NUBURU (NYSE:BURU) has signed a joint technology agreement with GE Additive to explore the speed, accuracy, and commercial benefits of blue laser-based metal 3D printing. The collaboration aims to improve laser-based additive manufacturing by combining NUBURU's proprietary Blue Laser technology and GE Additive's machine and system expertise.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:40 pm

GE CEO Larry Culp stated that aerospace supply chain challenges will be a daily battle for the foreseeable future during the Bernstein Conference.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 12:34 pm

The French competition watchdog has approved EDF's purchase of GE Steam Power, a subsidiary of General Electric (GE).

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 2:40 pm

A whale has taken a bearish stance on General Electric (NYSE:GE) with 14 unusual options trades detected. 35% of investors opened trades with bullish expectations and 64% with bearish. Whales have been targeting a price range of $85 to $110 for GE over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 5:45 pm

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