General Electric Up Nearly 12%, on Pace for Largest Percent Increase Since March 2009 -- Data Talk

General Electric Co. (GE) is currently at $8.94, up $0.95 or 11.89%

-- On pace for largest percent increase since March 12, 2009, when it rose 12.72%

-- Snaps a four-day losing streak

-- Earlier Tuesday, General Electric said it plans to sell up to 20% of its majority holding in oil services company Baker Hughes, providing around $4 billion in cash. GE will sell up to 101 million shares in a secondary offering to the market and Baker Hughes has agreed to repurchase about 65 million shares from its controlling shareholder

-- Down 11.49% month-to-date

-- Down 48.77% year-to-date; on pace for worst year since 2008, when it fell 56.3%

-- Down 50.06% from 52 weeks ago (Nov. 14, 2017), when it closed at $17.90

-- Down 53% from its 52-week closing high of $19.02 on Jan. 11, 2018

-- Up 11.89% from its 52-week closing low of $7.99 on Nov. 12, 2018

All data as of 1:32:02 PM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 13, 2018 13:58 ET (18:58 GMT)

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