On the pre-market, General Electric (GE) stock is up 700%.
The stock’s rise during the last five days is depicted on the chart. On July 26, the stock was $12.66, and after some growth, it hit $13.35 on July 29. Following that, the stock began to slide slowly, reaching $12.95 today. The total volume is 60,062,744 shares, with an average volume of 59,071,965 shares.
The shares of General Electric Company has climbed by nearly $90. Starting on Monday, the stock will cost around $104 per share, up from $12.95 on Friday. In addition, the corporation completed the 1-for-8 reverse stock split announced in March on Friday evening.
Larry Culp, the company’s CEO, told Barron’s that he wishes General Electric’s stock price and share count would be higher in comparison to its peers. Starting in 2021, the stock climbed by 20%, outperforming the S&P 500’s growth of 17% and the Dow Jones Industrial Average’s growth of 14%.