General Electric Co. Stock Underperforms Thursday When Compared To Competitors

Citigroup Inc

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Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its operating business segments include Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), Legacy Franchises and Corporate/Other. ICG segment consists of services, markets, and banking that provides corporate, institutional, and public sector clients with a range of wholesale banking products and services. The Company’s PBWM segment consists of United States (US) personal banking and global wealth management, providing traditional banking services and credit cards to retail and small business customers in the U.S. Its Legacy Franchises segment includes Asia consumer banking, Mexico consumer banking/Mexico small business and middle-market banking (SBMM) and legacy holdings assets.

General Electric Co. Stock Underperforms Thursday When Compared To Competitors

5:03 pm ET December 8, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of General Electric Co. (GE) shed 1.61% to $83.63 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.75% to 3,963.51 and the Dow Jones Industrial Average rising 0.55% to 33,781.48. This was the stock's second consecutive day of losses. General Electric Co. closed $20.10 short of its 52-week high ($103.73), which the company reached on January 18th.

The stock underperformed when compared to some of its competitors Thursday, as Honeywell International Inc. (HON) fell 0.05% to $213.35. Trading volume (6.4 M) eclipsed its 50-day average volume of 5.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 8, 2022.

(END) Dow Jones Newswires

December 08, 2022 17:03 ET (22:03 GMT)