WEBWIRE reports GE Capital Aviation Services or GECAS, a unit of GE Capital, itself part of the large conglomerate General Electric Company (NYSE:GE), unveiled a plan lease two new Boeing 737-800 aircraft to new customer Transavia France. The aircraft is scheduled to be delivered early next year which the company expects will expand the airline’s fleet. The low-cost carrier controls a fleet of 10 Boeing 737-800 aircraft to over 30 destinations.
General Electric was one of most active stocks in U.S. markets on Thursday, ending the day down to register fourth straight decline.[article_detail_ad_1]
Make an opinion on the latest price movement of General Electric (GE) using some technical indicators
The stock closed at $20.69, down -0.08 points or -0.39% from previous close and at a distance of -1.97% from 20-day simple moving average. In the last trading session, the stock’s price moved 2.51% above its 200 day moving average, changing hands as low as $20.42 per share. The stock is currently trading -1.94% down its SMA 50.
How well the stock has been performing?
The percentage change in the price over the past fifty two weeks remained at +15.52%. The price range in the same period had a highest hit of $23.18 on Oct 05, 2012 while lowest level during that period was $17.88 on Dec 30, 2011. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $24.00. The stock in last 12 months gained 17.42% and has advanced 19.53% since the beginning of this year.
Does stock market trend influences this stock?
This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 1.61. To measure price-variation, we found this stock’s volatility over a week period was 1.64% and for the month was 1.74%.
What is Wall Street analysts’ recommendation on this stock?
The analyst mean recommendation for this week has been 2.0, same as was in the last week. The price target of $23.00 was the lowest while the highest price target was set as $30.00, according to 14 analysts surveyed by Thomson Reuters.
Some more decliners in the diversified machinery industry included 3D Systems Corporation (NYSE:DDD) which dropped -2.41% to finish at $50.60, Illinois Tool Works Inc.(NYSE:ITW) fell -0.51% to settle at $6.69 and Cummins Inc.(NYSE:CMI) plunged -0.34% to close at $106.80.