General Electric Lower As It Exits Synchrony Financial Stake

(NYSE:

) shares are lower by $0.27 at $30.09 in Tuesday's volatile session for the issue. The company will retire 671 million shares, which is equivalent to $20.4 billion buyback. After a higher open, it continued to move in that direction until it found resistance in a familiar area. That is just ahead of the pair of highs from November 11 ($30.82) and November 12 ($30.90), only reaching $30.75. Since making that high, it has relinquished all of those gains and traded as low as $30.01. If the decline continues through that low, there may be additional support at Monday's low ($29.77).

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