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.
Please note that we have “improved” the Featured Image from the “night-time” view to at least a “day time” view. Holding up still on pictures of a “digital industrial company”.