Shares of General Electric Co.'s (GE) rallied 1.7% toward a one-year high in afternoon trading Friday, putting them on track to match the longest win streaks in over three years. The stock has now run up 26.6% in the eight sessions since the industrial conglomerate reported third-quarter results ( ) before the Oct. 30 open, which would be the best eight-day percentage performance since March 2009, as the stock bounced off its financial-crisis low. The stock's current six-day win streak--it slipped 1.3% on Oct. 31--has matched the other six-day streaks that have been the longest since the 10-day win streak ended July 19, 2016. The other 6-day win streaks occurred in September, June and January of this year, in October 2018, February 2017 and November 2016. The stock has now run up 57.7% year to date, while the Dow Jones Industrial Average has gained 18.5%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 08, 2019 13:41 ET (18:41 GMT)
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