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

The article highlights unusual options activity for 10 industrial stocks, providing insights into potential trading opportunities. Notable mentions include bullish sentiment for CHPT, GEV, LYFT, and FERG, while bearish sentiment is observed for SYM, LMT, GE, and GWW.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 5:35 pm

GE Aero (NYSE:GE) has significantly outperformed the market over the past 5 years, with an annualized return of 30.72%. A $1000 investment in GE 5 years ago would now be worth $3,808.39, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 7:33 pm

The article corrects the ticker symbol for GE Vernova, which is 'GEV'. This clarification is important for investors tracking GE Vernova's market performance.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:18 pm

GE Vernova shares rose as the company confirmed its full-year guidance, and Evercore ISI increased its price target to $240.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:20 pm

Deep-pocketed investors are showing significant interest in GE Aero options, with a mix of bullish and bearish sentiments. The options activity suggests a focus on a price range of $160 to $185. GE Aero's stock is currently trading at $166.98, with an anticipated earnings release in 42 days.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 8:46 pm

Safran's CEO anticipates continued pressure on the aerospace supply chain through 2025. Meanwhile, GE Aerospace's CEO acknowledges the long journey ahead in developing Rise engine technology but remains confident in its success.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:21 pm

Bernstein analyst Brendan Luecke has initiated coverage on GE Aero with an Outperform rating and set a price target of $201.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 9:44 am

GE Aero's short interest has increased by 6.52%, with 10.54 million shares sold short, representing 0.98% of its float. This is lower than its peers' average of 2.46%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 5:45 pm

Recent options activity for GE Aero shows a bearish sentiment among financial giants, with 52% of trades being bearish. The stock is currently trading at $164.92, up by 0.43%, but RSI suggests it may be overbought. The anticipated earnings release is in 48 days.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 5:15 pm

Industrial sector shares are trading lower due to market weakness, influenced by August's ISM Manufacturing PMI data indicating economic contraction.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:43 pm

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