Recent developments around General Electric (NYSE:GE) detail significant share transactions from various asset management entities. Some like Generali Asset Management and Advisors Asset Management Inc have acquired shares, while others like Envestnet Portfolio Solutions Inc. and Intech Investment Management LLC have decreased their holdings. Connor Clark & Lunn Investment Management Ltd. took a new position, while Mystic Asset Management Inc. raised its stock holdings. The company's short interest grew by 36.3%. Savvy investors were noted to increase their positions, including iA Global Asset Management and Vinva Investment Management Ltd. In terms of price target, analysts set it at $211.31. Further, General Electric was added to the S&P Aerospace & Defense Index. Notably, a $362.5 million shareholder settlement over the power unit was reached, while GE Aerospace showed its innovative prowess at the 2024 Farnborough Airshow, attracting new deals and investment.
Meanwhile, the company's efforts to foster inclusivity and innovation via 'reverse mentoring' has been lauded. Furthermore, GE was also found making investments to bolster communities, exemplified by a million-dollar input into a Mississippi neighborhood. Their Q4 report noted bullish, prompting a surge in stock prices. Unfortunately, layoffs have occurred with 72 jobs cut in Schenectady but with prospects hinting towards expansion in its engine repair center near DFW International Airport.
General Electric Company GE News Analytics from Tue, 02 Apr 2024 07:00:00 GMT to Sat, 22 Mar 2025 16:19:13 GMT - Rating 6 - Innovation 8 - Information 7 - Rumor -2
