Aggressive’ Bearish Options Activity Seen in General Electric Company

 Aggressive' Bearish Options Activity Seen in General Electric Company

In today’s session General Electric Company (GE) recorded an unusually high (3,652) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious GE decrease. With 3,652 contracts traded and 12104 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: GE161021P00029500 closed last at: $0.43 or 10.3% up. About 10.34 million shares traded hands. General Electric Company (NYSE:GE) has declined 2.38% since March 3, 2016 and is downtrending. It has underperformed by 10.73% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 21. They expect $0.34 earnings per share, up 6.25% or $0.02 from last year’s $0.32 per share. GE’s profit will be $3.05 billion for 21.54 P/E if the $0.34 EPS becomes a reality. After $0.51 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

General Electric Company (NYSE:GE) Ratings Coverage

Out of 16 analysts covering General Electric Company (NYSE:GE), 8 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 50% are positive. General Electric Company has been the topic of 28 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Monday, October 19 with “Outperform”. The firm has “Sell” rating given on Friday, July 22 by Standpoint Research. The firm earned “Underweight” rating on Thursday, May 12 by JP Morgan. RBC Capital Markets maintained it with “Outperform” rating and $33 target price in Monday, January 25 report. The firm has “Buy” rating by S&P Research given on Wednesday, October 14. The company was downgraded on Monday, September 21 by Oppenheimer. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, November 30. The firm earned “Buy” rating on Wednesday, October 14 by Stifel Nicolaus. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by S&P Research on Tuesday, October 20. The rating was maintained by S&P Research on Monday, August 17 with “Buy”.

According to Zacks Investment Research, “General Electric Company operates as a technology and financial services company. Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. The company’s Energy Infrastructure segment offers wind turbines; gas and steam turbines and generators. Its Aviation segment offers jet engines, turboprop and turbo shaft engines, aerospace systems and equipment. Its Healthcare segment provides medical imaging and information technologies, medical diagnostics, patient monitoring systems. Its Transportation segment provides drive technology solutions to various industries. Its Home and Business Solutions segment provides home appliances; lighting products, plant automation, hardware, software, and embedded computing systems. Its GE Capital segment offers commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. General Electric Company is headquartered in Fairfield, Connecticut.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.10, from 0.92 in 2016Q1. The ratio worsened, as 70 funds sold all General Electric Company shares owned while 836 reduced positions. 80 funds bought stakes while 660 increased positions. They now own 4.91 billion shares or 3.51% less from 5.09 billion shares in 2016Q1.
Moreover, Millennium Mngmt Limited Liability Co has 0.03% invested in General Electric Company (NYSE:GE) for 370,605 shares. Sns Finance Grp Inc Ltd Llc accumulated 174,436 shares or 1.38% of the stock. Moreover, Harris Associates L P has 2.42% invested in General Electric Company (NYSE:GE) for 38.12M shares. Thompson Davis & Company holds 42,842 shares or 2.15% of its portfolio. Riverbridge Lc last reported 87,679 shares in the company. Moors Cabot has invested 2.34% of its portfolio in General Electric Company (NYSE:GE). The Texas-based Barrow Hanley Mewhinney Strauss Lc has invested 0.04% in General Electric Company (NYSE:GE). Wellington Shields Capital Management Ltd Llc, a New York-based fund reported 300,465 shares. Marathon Capital Mngmt owns 112,649 shares or 1.82% of their US portfolio. Live Your Vision Lc accumulated 0.16% or 11,200 shares. Croft accumulated 1.39% or 195,761 shares. The Ontario – Canada-based Intact Invest Mgmt has invested 0.17% in General Electric Company (NYSE:GE). Regions Fincl last reported 4.18M shares in the company. Opus Mngmt, a Massachusetts-based fund reported 191,800 shares. Fundx Inv Grp Ltd Liability last reported 18,666 shares in the company.

Insider Transactions: Since April 25, 2016, the stock had 3 insider buys, and 0 insider sales for $3.58 million net activity. Another trade for 105 shares valued at $3,204 was made by DIMITRIEF ALEXANDER on Monday, April 25. Shares for $2.00M were bought by IMMELT JEFFREY R.

General Electric Company is a global digital industrial company. The company has a market cap of $262.56 billion. The Company’s services and products range from aircraft engines, power generation and gas and oil production equipment to medical imaging, financing and industrial products. It has a 27.68 P/E ratio.

GE Company Profile

General Electric Company (GE), incorporated on April 15, 1892, is a global digital industrial company. The Company’s services and products range from aircraft engines, power generation and gas and oil production equipment to medical imaging, financing and industrial products. The Company’s divisions include Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting, and Capital.

More important recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric Is Dressed To Please But You Have To Sell It Now” on October 05, 2016, also Fool.com published article titled: “General Electric Company Expects a Better Second Half — Should Investors Buy It?”, Investorplace.com published: “General Electric Company’s Greatest Hope Could Be Its Greatest Threat (GE)” on September 26, 2016. More interesting news about General Electric Company (NYSE:GE) was released by: Fool.com and their article: “Where Will General Electric Be in 2020?” with publication date: September 27, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment