General Electric Co. Stock Falls Thursday, Underperforms Market
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Shares of General Electric Co. (GE) sank 0.83% to $85.26 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.09% to 4,076.57 and Dow Jones Industrial Average falling 0.56% to 34,395.01. The stock's fall snapped a two-day winning streak. General Electric Co. closed $18.47 short of its 52-week high ($103.73), which the company reached on January 18th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Honeywell International Inc. (HON) fell 0.98% to $217.39. Trading volume (4.2 M) remained 1.9 million below its 50-day average volume of 6.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2022.
(END) Dow Jones Newswires
December 01, 2022 17:02 ET (22:02 GMT)
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