Various investment firms have made significant changes in their General Electric (NYSE:GE) stock holdings. While Titan Global Capital Management, Cerity Partners LLC, Federated Hermes Inc., Legal & General Group Plc, FIL Ltd, Scholtz & Company LLC, Westpac Banking Corp, Massachusetts Financial Services, Vicis Capital LLC, Grantham Mayo Van Otterloo & Co., Wellington Management Group LLP and Franklin Resources Inc., among others reduced their stock holding, Scotia Capital Inc., Bank of Montreal Can, Thames Capital Management LLC, Invesco Ltd., Fmr LLC, Payden & Rygel, Envestnet Asset Management Inc., Bornite Capital Management LP, Bank of Nova Scotia and Resona Asset Management Co. Ltd., raised their possession.
In the meantime, Northcoast Research upgraded GE stock to a 'Buy' rating. GE has also been added to the S&P Aerospace & Defense Index. Furthermore, it is planning a $7 billion buyback. Some speculative headlines suggest that the company's stock is overly valued and caution is advised. The company had a turbulent trading pattern despite solid Q3 and Q4 results. Post stock split, GE Aerospace now stands as a Fortune 500 company with declining shares of GE HealthCare and Vernova sees a massive rise after the spin-off, making a bullish move with 130% stock appreciation.
General Electric Company GE News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sat, 12 Apr 2025 12:14:36 GMT - Rating 4 - Innovation 2 - Information 6 - Rumor -7
