GE GE Aerospace

General Electric Company (GE) is currently at $12.90, up $1.18 or 10.02%

-- Would be highest close since Oct. 9, 2018, when it closed at $13.02

-- On pace for largest percent increase since Oct. 30, 2019, when it rose 11.47%

-- Earlier Wednesday, General Electric reported that fourth-quarter net income fell 6% to $538 million. Although revenue dropped 1% to $26.24 billion, it exceeded analyst expectations of $25.69 billion, according to FactSet. Excluding various items, GE said it earned 21 cents a share, above the consensus view of 18 cents

-- Bank of America Securities upgraded its rating on GE to buy from neutral and raised its price target to $16.00/share from $12.00/share, Benzinga reported

-- Currently up two consecutive days; up 12.81% over this period

-- Best two day stretch since the two days ending Jan. 31, 2019, when it rose 14.16%

-- Up 15.64% month-to-date

-- Down 77.62% from its all-time closing high of $57.68 on Aug. 28, 2000

-- Up 47.53% from 52 weeks ago (Jan. 30, 2019), when it closed at $8.75

-- Would be a new 52 week closing high

-- Up 62.74% from its 52 week closing low of $7.93 on Aug. 27, 2019

-- Traded as high as $12.95; highest intraday level since Oct. 10, 2018, when it hit $13.13

-- Up 10.4% at today's intraday high; largest intraday percent increase since Oct. 30, 2019, when it rose as much as 14.33%

-- Second best performer in the S&P 500 today

-- Most active stock in the S&P 500 today

All data as of 10:42:05 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

January 29, 2020 11:06 ET (16:06 GMT)

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