The General Electric Company (GE) has seen its share of ups and downs. There have been reductions in GE holdings by Equitable Trust Co. and shares sold off by ARK Investment Management LLC. Conversely, investment groups such as Pragma Gestao de Patrimonio Ltd. and Jackson Square Capital LLC have invested millions in GE. The fluctuations continue with shares falling, but also with occasional upticks. Reports of insider selling and share purchasing by groups such as Marks Group Wealth Management Inc. further complicate the narrative. Shares reduced by Radnor Capital Management LLC and Focused Wealth Management Inc, were counterbalanced with an increase by Asset Management One Co. Ltd. GE's recent split into three distinct companies marks a significant shift for the iconic conglomerate. The split resulted in independent companies GE Aerospace, GE Vernova, and a third yet unnamed entity. Insider selling continued as GE Vernova began making its market presence felt, with new AI-based software and a place in the S&P Aerospace & Defense Index. GE completed its three-way split and GE Vernova made the trading debut. Spin-offs and anticipation of the old GE brand disappearing add layers to the ongoing story. Finally, strong jet engine demand led to a remarkable 75% increase in GE stock.
General Electric Company GE News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sat, 09 Nov 2024 11:32:39 GMT -
Rating 2
- Innovation 7
- Information 6
- Rumor -7
