Market News Video
MNV MNV 10 Stocks Crossing Below Their 200 Day Moving Average
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Implied ACTX Analyst Target Price: $17
Monday, July 3, 10:20 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

One Put, One Call Option To Know About for General Electric
Monday, July 3, 12:00 PM ET, by Market News Video Staff

Consistently, one of the more popular stocks people enter into their stock options watchlist at ...

Noteworthy ETF Inflows: VOO, BRK.B, GE, WFC
Wednesday, July 5, 10:50 AM ET, by Market News Video Staff

Symbols mentioned in this story: VOO, BRK.B, GE, WFC Exchange traded funds (ETFs) trade just ...

Noteworthy Thursday Option Activity: GE, WRLD, SWKS
Thursday, July 6, 3:32 PM ET, by Market News Video Staff

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...

General Electric Enters Oversold Territory
Friday, July 7, 12:05 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

  More articles:  1 2 3 4 5 6 7 next »

Will Insiders Be Tempted To Buy More GE At The New 52-Week Low?

By Market News Video Staff, Friday, August 11, 1:07 PM ET
Play Video: The Importance of ETFs

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Friday, shares of General Electric Co (NYSE:GE) touched a new 52-week low of $25.26/share. That's a $7.12 share price drop, or -21.99% decline from the 52-week high of $32.38 set back on 12/20/2016. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for GE that means the stock would have to gain 28.19% to get back to the 52-week high. For a move like that, General Electric Co would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as GE shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, GE has seen 7 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
04/24/2017 Marijn E. Dekkers Director 20,000 $29.90 $598,000.00
05/15/2017 Jeffrey R. Immelt Chairman and CEO 100,000 $28.07 $2,807,400.00
05/15/2017 William G. Beattie Director 16,000 $28.05 $448,800.00
05/17/2017 William G. Beattie Director 4,000 $27.70 $110,800.00
07/24/2017 John Joseph Brennan Director 10,000 $25.80 $258,000.00
07/24/2017 James E. Rohr Director 27,425 $25.50 $699,337.50
07/25/2017 Alexander Dimitrief Senior Vice President 1,845 $25.54 $47,130.36
08/08/2017 John Leonard Flannery CEO and Director 103,983 $25.56 $2,657,805.48

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where GE has traded over the past year, with the 50-day and 200-day moving averages included.

General Electric Co Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for GE shares, which are presently showing a last trade of $25.28/share, slightly above the new 52-week low.

Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Beattie   Chairman   Cheaper   Director   Electric   General   Jeffrey   John   Price   Rohr   Share   Value   William   also   always   analysis   back   bargain   below   business   buying   company   from   high   insiders   last   level   means   months   over   past   percentage   period   price   print   purchases   rhetorical   share   shares   stock   technical   that   touched   trade   week   were   whether   which   with   would
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Stock Message Boards Stock Market Definitions

Will Insiders Be Tempted To Buy More GE At The New 52-Week Low? | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.