Shares of General Electric Co. (GE) rocketed 8.7% in very active premarket trade, putting them on track to open at the highest level seen during regular-session hours since Nov. 1, after the company missed fourth-quarter earnings expectations but beat on revenue ( ). Volume swelled to 7.3 million shares about 90 minutes before the open, enough to make the stock the most actively traded in the premarket. If the stock's gain holds, it would be the biggest one-day gain since it ran up 9.3% on March 23, 2009, and the biggest one-day post-earnings jump since to soared 13.1% on Oct. 10, 2008. The has lost 9.9% over the past three months through Wednesday, while the Dow Jones Industrial Average has slipped 0.4%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 31, 2019 11:53 ET (16:53 GMT)
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