ge stock highest price ever

Should you buy GE stock?

The Zacks Rank system, which ranges from #1 (Strong Buy ... Also, we should mention that GE has a PEG ratio of 4.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth ...

Should you buy GE?

In the latest trading session, General Electric (GE) closed at $89.91, marking a -0.21% move from ... Any recent changes to analyst estimates for General Electric should also be noted by investors. These revisions help to show the ever-changing nature ...

What will happen to GE stock?

General Electric (GE) closed at $90.83 in the latest trading session, marking a +0.09% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.21%. Meanwhile, the Dow lost 0.33% ...

Will GE stock go up?

General Electric Co. (GE) shares closed 0.3% lower than its previous 52 week low, giving the company a market cap of $88B. The stock is currently down 14.6% year-to-date, down 25.5% over the past 12 months, and down 61.8% over the past five years.

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What was GE Stock Price 2000?

GE - General Electric CompanyDateOpenClose*Jun 01, 2000400.48407.69May 08, 20003:1 Stock SplitMay 01, 2000407.69404.81Apr 01, 2000398.08403.2181 more rows

What was GE stock price in 2021?

94.47 U.S. dollars per shareThe General Electric Company's stock cost 94.47 U.S. dollars per share at the end of 2021, a slight increase compared to the closing of the previous year.

What was the price of GE stock in 2009?

GE Long-Term Chart (1990 – 2020) A pullback into 2008 accelerated into a full-blown panic, dropping the stock more than 85% into the 2009 low at $5.51.

Does GE stock have a future?

It fell 66% in 2020 but rebounded 857% in 2021, according to FactSet. In all of 2022, analysts forecast GE earnings will jump 68% as sales rebound 2%. But they now expect General Electric to surpass 2019 EPS of $5.20 only in 2024, FactSet says. Out of 22 analysts on Wall Street, 14 rate GE stock a buy.

Why is General Electric failing?

The company's stock fell 42% during the year, and after Welch's departure, it became clear that GE was overstretched and bloated. Losses by the GE Capital financial segment nearly sank the company during the Great Recession.

Is GE a Buy Sell or Hold?

General Electric has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.

When did GE stock last split?

May 12, 1997: a 2-for-1 split of common shares. May 8, 2000: a 3-for-1 split of common shares. Feb. 26, 2019: a 104-for-100 split of common shares.

How many times has GE stock split?

Not at all. You can't compare GE's stock price in 1892 with its stock price today because GE stock has split nine times.

Why is GE stock so cheap?

So, why is GE stock so low? To address at least the COVID part, GE has exposure in aviation, healthcare, oil, venture capital, and other hard-hit industries. The year 2020 was hard for everyone, and even analysts from founder Morgan's namesake bank say it's a risky investment for 2021.

Is GE a good stock to buy 2021?

Key Points. GE stock fell after the company reported its fourth-quarter results on Tuesday. While revenue declined due to supply chain issues and avoiding low-margin sales, GE expanded its profit margin and generated strong free cash flow in 2021.

Is GE a good stock in 2022?

GE stock price stood at $77.52 According to the latest long-term forecast, GE price will hit $90 by the end of 2022 and then $100 by the end of 2023. GE will rise to $125 within the year of 2025, $150 in 2027 and $200 in 2031.

Will GE stock ever recover?

General Electric's shares appear to be poised for a rebound, based on an analysis of the stock's sell-side analyst price targets. The mean consensus target price for GE is $124.71, which is +25% higher than the company's last traded share price of $99.95 as of January 6, 2022.

Is GE a good stock to buy?

The YTD -33% return for GE marks an underperformance with -22% returns for the broader S&P500 index. Looking at the longer term, GE stock is down 26% from levels seen in late 2019.

What is the forecast for GE stock?

Stock Price Forecast The 16 analysts offering 12-month price forecasts for General Electric Co have a median target of 88.00, with a high estimate of 120.00 and a low estimate of 72.00. The median estimate represents a +28.96% increase from the last price of 68.24.

Why is GE stock so low?

So, why is GE stock so low? To address at least the COVID part, GE has exposure in aviation, healthcare, oil, venture capital, and other hard-hit industries. The year 2020 was hard for everyone, and even analysts from founder Morgan's namesake bank say it's a risky investment for 2021.

When did GE stock split?

Has GE Ever Split Its Stock? June 8, 1971: a 2-for-1 split of common shares. June 2, 1983: a 2-for-1 split of common shares. May 26, 1987: a 2-for-1 split of common shares.

How much is GE stock in 2021?

What is General Electric?

General Electric (GE) has the following price history information. Looking back at GE historical stock prices for the last five trading days, on July 15, 2021, GE opened at $12.69, traded as high as $12.92 and as low as $12.57, and closed at $12.76. Trading volume was a total of 51.39M shares.

When did General Electric hit its peak market capitalization?

General Electric is a technology industrial company. Co.'s segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which provides wind, blades, hydro, storage, solar and grid solutions, hybrid renewables, ...

Why did General Electric take billions of dollars?

Through 2000, GE enjoyed incredible growth, taking full advantage of the boom times of the 1980s and 1990s. In late 2000, General Electric hit its peak market capitalization, exceeding $600 billion. The upward trend had begun in the 1980s.

When did General Electric reach its peak?

But when liquidity dried up in the marketplace, General Electric found itself in trouble, and it took billions of dollars in capital raising from Warren Buffett and others in order to provide some confidence in the unit's viability.

Is General Electric a financial institution?

In late 2000, General Electric hit its peak market capitalization, exceeding $600 billion. The upward trend had begun in the 1980s. With the arrival of Jack Welch as CEO in 1981, General Electric started making strategic moves that sent the company in new directions, such as the acquisition of RCA and the NBC television network in 1986.

UPDATE 2-Safran boosts titanium stocks, shores up supply chain

In the years since the financial crisis, General Electric has moved away from financial innovation and instead returned to its industrial roots. In industries like renewable energy, aerospace, oil and gas, and healthcare, General Electric has emphasized its ability to make vital products that lead to major advances. That has helped the stock price recover, with shares having tripled since GE's low point during the financial crisis.

General Electric: Disappointing 1H22 Forecast Does Not Alter the Bull Case

French jet engine maker Safran said on Thursday it had enough titanium reserves for several months after increasing stocks of the metal since the start of the year as Western aerospace companies brace for fallout from the Ukraine crisis.

Who invested in GE in 2008?

A new theme has emerged recently; many companies have disclosed that 1H22 is shaping up to be a difficult period, in a sense continuing 2021’s woes, with relief only expected later in the year. The latest company to bear this trend out is General Electric (GE).

Who is the CEO of GE?

Warren Buffett famously stepped in and invested $3 billion in 2008 to stabilize GE’s operations. And GE’s troubles didn’t end with the financial crisis. Its $9.5 billion purchase of French transportation company Alstom’s power business in 2015 was widely considered a flop.

What is the aviation unit of GE?

All eyes are on GE's newly minted CEO, H. Lawrence Culp Jr., who assumed the position in October 2018. Market analysts threw Culp a bone on Dec. 13, 2018, after JPMorgan raised its two-year rating on GE ...

Why did GE Capital lose its balance during the Great Recession?

GE's aviation unit is specifically impacted; a unit that is crucial to the company's profitability. GE's aviation unit makes airplane engines for Boeing and Airbus, and is GE's most profitable division, generating $32.9 billion in revenue for the company in 2019. That's 34% of total revenues.

How much did GE cut in 2020?

The GE Capital financial segment nearly toppled the company during the Great Recession because it did not have a competitive advantage over other financial services companies. To this day, the segment is still the subject of complaints that its balance sheet is too opaque and unwieldy.

What was the most popular jet engine in history?

As of February 2020, shares have fallen a whopping 59% since January 2017, when the company announced it would cut 12,000 jobs. The company’s market cap, which stood at $262 billion at the time, has fallen significantly to $107 billion.

What was the first product of GE?

It supplied the military with equipment and executives during World War II, and in 1949, introduced the J-47, the most popular jet engine in history.