General Electric Co (GE) Moves Lower on Volume Spike for January 24

Equities Staff  |

General Electric Co (GE) traded on unusually high volume on Jan. 24, as the stock lost 2.66% to close at $16.44. On the day, General Electric Co saw 165.7 million shares trade hands on 355,382 trades. Considering that the stock averages only a daily volume of 89.8 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $30.59 and $15.80 over the last 52-weeks, its 50-day SMA is now $17.94, and its 200-day SMA $23.69. General Electric Co has a P/B ratio of 1.87. It also has a P/E ratio of 21.4.

General Electric Co is a digital industrial company. It operates in various segments, including power and water, oil and gas, energy management, aviation, healthcare, transportation, appliances and lighting, and more.

Headquartered in Boston, MA, General Electric Co has 295,000 employees and is currently under the leadership of CEO John L. Flannery.

For a complete fundamental analysis analysis of General Electric Co, check out’s Stock Valuation Analysis report for GE.

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To get more information on General Electric Co and to follow the company’s latest updates, you can visit the company’s profile page here: GE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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