GE Stock Soars Toward Six-Year High
GE shares rose about 6% on Tuesday morning after the company reported strong earnings fueled by its jet engine unit and raised its full-year outlook.
That puts the conglomerate on pace to close at its highest level since November 10, 2017, according to Dow Jones Market Data.
Tweet on GE stock fluctuation
GE shares rose about 6% after the company reported strong earnings fueled by its jet engine unit and raised its full-year outlook, via @FactSet pic.twitter.com/SQFwkz6PK9
— The_Journalbiz (@the_journalbiz) July 25, 2023
Factset chart
Returning the stock to 2017 levels is a significant milestone for the conglomerate in its turnaround, which cut its dividend in half and sharply slashed its profit outlook in November of that year.
It’s not your imagination at work: General Electric shares are approaching their highest level in nearly six years
GE stock is still down more than two-thirds from its all-time high reached in August 2000.
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