GE: stock bounces back after new CEO buys shares
(CercleFinance.com) - After four sessions of heavy losses, GE's stock bounced back on Monday after the conglomerate's new CEO bought about 2.
2 million dollars worth of the beaten shares.
The stock was up 0.7% at 9.4 dollars in early morning trading on Wall Street after the company revealed in a filing this morning that CEO Lawrence Culp had bought 225,000 shares at a price of 9.73 dollars each.
Note that the stock has fallen by over 45% since the beginning of the year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2 million dollars worth of the beaten shares.
The stock was up 0.7% at 9.4 dollars in early morning trading on Wall Street after the company revealed in a filing this morning that CEO Lawrence Culp had bought 225,000 shares at a price of 9.73 dollars each.
Note that the stock has fallen by over 45% since the beginning of the year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.