General Electric Co. Stock Underperforms Tuesday When Compared To Competitors
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Shares of General Electric Co. (GE) sank 0.43% to $80.48 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.46% to 4,076.60 and the Dow Jones Industrial Average rising 1.09% to 34,086.04. This was the stock's second consecutive day of losses. General Electric Co. closed $3.51 below its 52-week high ($83.99), which the company achieved on January 27th.
The stock underperformed when compared to some of its competitors Tuesday, as Honeywell International Inc. (HON) rose 1.31% to $208.48. Trading volume (6.9 M) remained 72,066 below its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 31, 2023.
(END) Dow Jones Newswires
January 31, 2023 16:56 ET (21:56 GMT)
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