The Dow Jones Industrial Average (INDEXDJX:.DJI) extended gains on Tuesday with a triple-digit session in the green, finishing the day up 115 points or 0.9%, to mark best level not seen since October. Of the Dow 30 components, twenty-six scored gains, and even the index’s decliners couldn’t hurt the positive rally. Few stocks recorded declines on the day, but General Electric Company (NYSE:GE) managed to trim its early sharp declines to complete the session down just 1.1%.
The decline was seen after General Electric (GE) entered into a five-year, full-service agreement valued at nearly $11.4 million with Taiwan Power Company covering 26 GE 1.5-megawatt class wind turbines operating throughout Taiwan. Pursuant to the contract, GE is set to provide a full scope of services like planned and unplanned maintenance, repairs and spare parts.[article_detail_ad_1]
A quick look on GE’s price history reveals beta used to measure the volatility or systematic risk in comparison to the market as a whole was 1.37 and the percentage change in the price over the past 52 weeks remained at +22.61%. The price range in those 52 weeks had a best score of $23.18 on Oct 05, 2012 while lowest level during that period was $17.15 on Dec 21, 2011.
One of its direct competitor, Illinois Tool Works Inc. (NYSE:ITW) gained a day after two rating firms JPMorgan Chase & Co. (NYSE:JPM) and Citigroup (NYSE:C) reaffirmed their rating on share of ITW. The stock moved up 35.74% in this year and its price history showed most recently beta was at 1.30. Overall during the last 12 months, the percentage change in the price was 32.31%, hitting the highest of $63.33 on Nov 06, 2012 while lowest level in that period was $46.19 on Dec 21, 2011.
Another rival, Cummins Inc. (NYSE:CMI)’s shares rallied 25.59% so far in 2012. Its division, Cummins Power Generation Inc., recently declared global price increases of as much as 3 percent for most of its diesel- and gas-fueled generator sets, automatic transfer switches and other products.
The stock most recently had a beta value at 1.80 and the percentage change in the price over the last fifty two weeks remained at +23.53%. The price range in that 1-year period had a best hit of $129.51 on Mar 16, 2012 while lowest level in the same period was $82.20 on Jul 12, 2012.
So far, the share price of Danaher Corporation (NYSE:DHR) jumped 19.98% in this year and stock’s price history revealed that beta was maintained at 1.21 and the percentage change in the price over the last fifty two weeks remained as 19.50%.