The stock of GENERAL ELECTRIC COMPANY COM STK USD0.06 (LON:GEC) hit a new 52-week low and has GBX 23.88 target or 12.00% below today’s GBX 27.14 share price. The 6 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 9 by Barchart.com. If the GBX 23.88 price target is reached, the company will be worth GBX less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 42.84% or GBX 8.14 on November 9, hitting GBX 27.14. About 23,863 shares traded hands or 185.41% up from the average. GENERAL ELECTRIC COMPANY COM STK USD0.06 (LON:GEC) has 0.00% since April 12, 2016 and is . It has underperformed by 4.78% the S&P500.
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