General Electric (NYSE: GE) Executives are Making Moves with Their Shares

By Carrie Williams

Today, the Chairman & CEO of General Electric (NYSE: GE), Jeffrey Immelt, bought shares of GE for $1.46M.

In addition to Jeffrey Immelt, 3 other GE executives reported Buy trades in the last month. Following this transaction Jeffrey Immelt’s holding in the company was increased by 2.24% to a total of $58.62 million.

The company has a one year high of $33 and a one year low of $27.10. Currently, General Electric has an average volume of 53.47M. GE’s market cap is $260.3B and the company has a P/E ratio of 22.89.

20 different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $35.00, reflecting a -16.2% downside.

The insider sentiment on General Electric has been positive according to 30 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.