Shares of General Electric Co. (GE) rose 0.6% in afternoon trade, reversing earlier loss of as much as 2.1%, to put them on track to extend their win streak to four sessions. The industrial conglomerate's stock has not hiked up 4.8% since it closed at $7.93 on Aug. 27, which was the lowest close since Jan. 4. Still, GE shares have tumbled 12.9% over the past three months and has shed over 33% the past 12 months, while the Dow Jones Industrial Average has gained 5.0% the past three months and inched up 0.3% the past year. Weighing on GE's stock in recent months was a negative report on GE's accounting ( ) by Madoff whistleblower Harry Markopolos and after GE reported second-quarter results ( ) and announced its Chief Financial Officer was leaving.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 03, 2019 14:40 ET (18:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.