General Electric Co. Stock Falls Monday, Underperforms Market
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Shares of General Electric Co. (GE) slipped 2.88% to $80.83 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.30% to 4,017.77 and Dow Jones Industrial Average falling 0.77% to 33,717.09. The stock's fall snapped a six-day winning streak. General Electric Co. closed $3.16 below its 52-week high ($83.99), which the company achieved on January 27th.
The stock underperformed when compared to some of its competitors Monday, as Honeywell International Inc. (HON) fell 1.13% to $205.78. Trading volume (5.7 M) remained 1.3 million below its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 30, 2023.
(END) Dow Jones Newswires
January 30, 2023 16:57 ET (21:57 GMT)
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