Aggressive’ Bullish Options Activity Seen in General Electric Company

 Aggressive' Bullish Options Activity Seen in General Electric Company

In today’s session General Electric Company (GE) registered an unusually high (8,780) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious GE increase. With 8,780 contracts traded and 229784 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GE170120C00031000 closed last at: $0.22 or 15.4% down. About 15.85 million shares traded hands. General Electric Company (NYSE:GE) has declined 4.56% since March 14, 2016 and is downtrending. It has underperformed by 10.17% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 21. They expect $0.34 EPS, up 6.25% or $0.02 from last year’s $0.32 per share. GE’s profit will be $3.06B for 21.27 P/E if the $0.34 EPS becomes a reality. After $0.51 actual EPS 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 19 analysts covering General Electric Company (NYSE:GE), 10 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 53% are positive. General Electric Company has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, September 21, the company rating was downgraded by Oppenheimer. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by Credit Suisse on Monday, November 23. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 30. Credit Suisse upgraded the shares of GE in a report on Wednesday, September 16 to “Focus List” rating. The firm has “Overweight” rating given on Monday, October 5 by Barclays Capital. The firm earned “Market Perform” rating on Tuesday, June 7 by Cowen & Co. JP Morgan initiated General Electric Company (NYSE:GE) rating on Thursday, May 12. JP Morgan has “Underweight” rating and $27 price target. The firm has “Buy” rating by Argus Research given on Wednesday, December 23. On Tuesday, October 20 the stock rating was maintained by S&P Research with “Buy”. The stock of General Electric Company (NYSE:GE) has “Equal-Weight” rating given on Thursday, October 6 by Morgan Stanley.

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 fall, 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.
Chicago Equity Prtn Ltd Liability Com accumulated 1.98M shares or 1.81% of the stock. Grimes Com, a Massachusetts-based fund reported 122,100 shares. Moreover, Long Road Invest Counsel Lc has 3.1% invested in General Electric Company (NYSE:GE) for 125,509 shares. Moreover, Rosenblum Silverman Sutton S F Ca has 2.98% invested in General Electric Company (NYSE:GE) for 197,229 shares. Peregrine Asset Advisers Inc holds 15,567 shares or 0.33% of its portfolio. Clarivest Asset Mngmt Lc holds 0% or 3,957 shares in its portfolio. Narwhal Cap Mgmt accumulated 2.36% or 238,610 shares. Hawkins Capital Limited Partnership holds 5.84% of its portfolio in General Electric Company (NYSE:GE) for 555,918 shares. Schnieders Ltd Liability Corp, a California-based fund reported 216,551 shares. Adage Cap Partners Gru Limited Liability Company holds 10.21 million shares or 0.88% of its portfolio. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 1.36% in General Electric Company (NYSE:GE). Auxier Asset Mngmt last reported 12,585 shares in the company. Westport Res Management reported 51,733 shares or 0.53% of all its holdings. Ibm Retirement Fund has invested 1.41% of its portfolio in General Electric Company (NYSE:GE). Wms Ltd Liability Corp holds 1.78% of its portfolio in General Electric Company (NYSE:GE) for 408,264 shares.

Insider Transactions: Since April 25, 2016, the stock had 3 insider purchases, and 0 selling transactions for $3.58 million net activity. IMMELT JEFFREY R bought $2.00 million worth of General Electric Company (NYSE:GE) on Friday, May 20. DIMITRIEF ALEXANDER had bought 105 shares worth $3,204 on Monday, April 25.

General Electric Company is a global digital industrial company. The company has a market cap of $260.34 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 27.33 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: which released: “Dan Nathan’s General Electric Trade” on October 17, 2016, also published article titled: “General Electric: Is It Time To Buy?”, published: “General Electric Company Expects a Better Second Half — Should Investors Buy It?” on September 20, 2016. More interesting news about General Electric Company (NYSE:GE) was released by: and their article: “General Electric Company: Is $60 A Share A Plausible Valuation After All?” with publication date: October 07, 2016.

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