General Electric Company GE shares are trading lower by $0.58 (1.8 percent) at $30.63 in Friday's session. Investors are exiting the issue following a mixed Q4 report. Although Q4 EPS came inline at $0.46, a revenue shortfall of $500 million has the issue in the red.
After a lower open, it managed a $0.14 bounce to $30.90 before continuing its move lower. So far, the ensuing decline has taken the issue to $30.52 and it's attempting to rebound. The current low coincides with its November 16 low of $30.54.
The Street was leaning the right way going into the report as the issue has traded lower in seven of its last eight sessions.
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