General Electric Company (NYSE:GE) traded today at a new 52-week high of $14.41. This new high was reached on approximately average trading volume as 64.5 million shares traded hands, while the average 30-day volume is approximately 86.1 million shares.
In the past 52 weeks, shares of General Electric Company have traded between a low of $5.48 and a high of $14.41 and is now at $14.37, which is 162% above that low price.
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel, precision health, and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, onshore and offshore wind turbines, as well as medical diagnostic and mobile equipment. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by former Danaher alum Larry Culp who is leading a multi-year turnaround of the storied conglomerate based on Lean principles.
General Electric Company (NYSE:GE) is currently priced 5.5% above its average consensus analyst price target of $13.57.
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