fbpx

QQQ
-8.40
382.23
-2.25%
BTC/USD
-3866.85
43870.97
-8.1%
DIA
-5.11
350.75
-1.48%
SPY
-7.19
448.59
-1.63%
TLT
+ 1.24
147.93
+ 0.83%
GLD
+ 1.29
162.48
+ 0.79%

Why GE Shares Are Moving Today

June 14, 2021 9:04 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

General Electric Company (NYSE:GE) shares are trading higher by 1.1% at $13.84 Monday morning after CNBC reporter Phil LeBeau tweeted "GE Aviation and Safran to develop new commercial airplane engine that will be 20% more fuel efficient and have 20% lower emissions. CFM plan is to have engine in service by mid 2030’s."

General Electric is known for its digital industrial offerings and massive installed base spread across a variety of products and services, including aircraft engines, gas turbines, wind turbines, and medical diagnostic equipment, among others.

After the sale of GE Transportation to Wabtec and a majority of its stake in Baker Hughes, as well as the sale of GE Biopharma to Danaher, the company's focus turned to aviation, legacy healthcare, power and renewable energy.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.


Related Articles

What's Up With GE Shares Trading Higher Tuesday?

Shares of companies in the broader industrial space, including General Electric Company (NYSE: GE), are trading higher amid overall market strength as stocks rebound after dipping Monday on Delta variant concerns. read more

Why Enochian Biosciences, Raven Industries And GE Share Are Trading Higher Today

Enochian Biosciences Inc (NASDAQ: ENOB) shares are trading higher by 11.7% at $6.48 Monday morning after the company announced it acquired an exclusive license for an innovative technology to potentially treat and prevent all variants of coronavirus, including the cause of COVID-19, as well as influenza. read more

Why General Electric Stock Is Trading Higher Today

General Electric Company (NYSE: GE) shares are trading higher by 6.2% at $14.24 Thursday afternoon. Strength appears market-related as stocks gain following better-than-expected U.S. jobless data and reports President Joe Biden will propose a $6 trillion budget. read more
Is Now The Time To Buy Stock In Wells Fargo, GE Or Macy's?

Is Now The Time To Buy Stock In Wells Fargo, GE Or Macy's?

One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. read more