Peltz's Purchase Pushes General Electric To Late July Levels

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  • Trian Fund Management has taken a $2.5B stake in General Electric GE.
  • One of the top gainers in the S&P 500 index, tripling the percentage gain of the index.
  • After higher open, only retreated $0.15 to $26.22 before resuming its rally.
  • Has surpassed July 23 high ($26.60).
  • Next resistance point may not be until its September 22 high ($26.98).
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