General Electric - The Day After Its Historic Rally

'' General Electric

shares are trading lower by $0.76 aty $27.76 in Monday's session. The issue is one day removed from one its best days ever, when it added $2.78 on gargantuan volume of 353m shares. Friday's rally was sparked by the announcement of the spin off of most of GE Capital coupled with additional 50B share buyback plan. The news took the issue as high as $28.68 during Friday's session, before falling back to close at $28.51. That marked the first time GE has closed over $28 since December 31, 2013. In addition, to profit-taking from this highly uncharacteristic move in the issue, may be a Barron's article the weekend stated the shares may be fully valued at its current level. After a lower sharply lower open (Friday close of $28.51 vs, Monday's open of $28),it managed a brief pop to $28.19, but is now retreated under the open and is trading just off its lows for the session. General Electric still has ways to go reach Friday's low ($27), which made off the open in Friday's session.