General Electric Company’s Stock Is Buy After Today’s Bullish Options Activity

 General Electric Company's Stock Is Buy After Today's Bullish Options Activity

In today’s session General Electric Company (GE) registered an unusually high (1,888) 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 1,888 contracts traded and 32944 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GE170120C00028000 closed last at: $1.15 or 14.2% down. About 4.82M shares traded hands. General Electric Company (NYSE:GE) has declined 8.20% since April 5, 2016 and is downtrending. It has underperformed by 10.16% the S&P500.

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. $54 is the highest target while $25.84 is the lowest. The $31.68 average target is 9.17% above today’s ($29.02) stock price. General Electric Company has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, October 14 by S&P Research. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Thursday, January 21. RBC Capital Markets maintained it with “Outperform” rating and $34 target price in Monday, November 30 report. On Tuesday, July 21 the stock rating was upgraded by TheStreet to “Buy”. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Thursday, October 6. Morgan Stanley has “Equal-Weight” rating and $31 price target. The rating was maintained by Bernstein with “Market Perform” on Tuesday, July 26. S&P Research maintained it with “Buy” rating and $34 target price in Tuesday, October 20 report. On Monday, October 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 14. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Friday, July 22 by Standpoint Research.

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.
Newman Dignan & Sheerar holds 141,028 shares or 2.77% of its portfolio. Moreover, Nelson Roberts Inv Lc has 0.12% invested in General Electric Company (NYSE:GE) for 9,906 shares. Eastern Commercial Bank holds 934,937 shares or 2.38% of its portfolio. Sei Investments holds 0.25% of its portfolio in General Electric Company (NYSE:GE) for 1.35 million shares. Bbva Compass Bankshares Inc holds 1.08% or 457,122 shares in its portfolio. Brookstone holds 75,335 shares or 0.31% of its portfolio. Nadler Financial Group Inc Inc reported 34,251 shares or 0.45% of all its holdings. Balasa Dinverno & Foltz Ltd Limited Liability Company holds 29,568 shares or 0.17% of its portfolio. Pinnacle Fincl Prtnrs last reported 246,891 shares in the company. Janus Limited Liability Co accumulated 0.83% or 31.07 million shares. American Century Companies Incorporated last reported 9.13 million shares in the company. Moreover, Paloma Partners Mngmt has 0.02% invested in General Electric Company (NYSE:GE) for 70,352 shares. Lmr Prtnrs Ltd Liability Partnership, a United Kingdom-based fund reported 23,637 shares. Dt Investment Prtn Lc, a Pennsylvania-based fund reported 15,010 shares. Moreover, Wealth Architects Llc has 0.48% invested in General Electric Company (NYSE:GE) for 31,654 shares.

Insider Transactions: Since May 20, 2016, the stock had 2 insider purchases, and 0 sales for $3.57 million net activity. On Friday, May 20 IMMELT JEFFREY R bought $2.00M worth of the stock or 67,600 shares.

General Electric Company is a global digital industrial company. The company has a market cap of $256.59 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 28.54 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 notable recent General Electric Company (NYSE:GE) news were published by: Nytimes.com which released: “General Electric Plans to Merge Its Oil and Gas Division With Baker Hughes” on October 31, 2016, also Investorplace.com with their article: “The Real Reason General Electric Company (GE) Bought Baker Hughes” published on November 04, 2016, Wsj.com published: “General Electric Pursues Deal With Baker Hughes” on October 27, 2016. More interesting news about General Electric Company (NYSE:GE) were released by: Theguardian.com and their article: “When General Electric jobs left Schenectady so did a way of life” published on November 06, 2016 as well as Cnbc.com‘s news article titled: “GE profit up but revenue forecast trimmed amid sluggish economy” with publication date: October 21, 2016.

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