General Electric Company (GE) Closes 1.9% Down on the Day for October 21

Equities Staff  |

Shares of General Electric Company (GE) ended the trading day Monday at $8.79, representing a move of -1.9%, or $0.17 per share, on volume of 60.51 million shares.

With historical ties to inventor Thomas Edison, General Electric was formed through the combination of two companies in 1892. Today, GE is known for its digital industrial offerings and massive installed base spread across a variety of products and services, including aircraft engines, gas turbines, steam turbines, wind turbines, locomotives, and LED lighting, among others. In its current form, the company focuses on aviation, healthcare, and power, but management announced corporate actions in 2018 that will make aviation, power, and renewable energy the primary areas of focus going forward.

After opening the trading day at $8.99, shares of General Electric Company traded between a range of $8.76 and $9.12. General Electric Company currently has a total float of 8.73 billion shares and on average sees n/a shares exchange hands each day.

The stock now has a 50-day SMA of $n/a and 200-day SMA of $n/a, and it has a high of $12.81 and low of $6.66 over the last year.

General Electric Company is based out of Boston, MA, and has 283,000 employees. The company’s CEO is H. Lawrence Culp.

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GET TO KNOW THE DOW

The Dow Jones Industrial Average is the oldest and most-often cited stock market index for the American equities market. Along with other major indices such as the S&P 500 and Nasdaq, it remains one of the most visible representations of the stock market to the outside world. The index consists of 30 blue chip companies and is a price-weighted index as opposed to a market-cap weighted index. This approach has made it somewhat controversial among market watchers. (See: Opinion: The DJIA is a Relic and We Need to Move On) The history of the index dates all the way back to 1896 when it was first created by Charles Dow, the legendary founding editor of the Wall Street Journal and founder of Dow Jones & Company, and Edward Jones, a statistician. The price-weighted, scaled index has since become a standard part of most major daily news recaps and has seen dozens of different companies pass through its ranks, with only General Electric ($GE) remaining on the index since its inception.

To get more information on General Electric Company 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 Equities.com’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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