Why General Electric Stock Just Popped 6%
General Electric (NYSE: GE) investors have had a tough year. As the S&P 500 surged more than 16% over the past 52 weeks, GE stock went the other way. It's still down 23% -- and lagging the S&P's performance by about 40 percentage points!
That being said, things have been turning around a bit for GE stock of late. Since the start of the month, in fact, GE shares are up a solid $1. That may not sound like much, but at a share price as low as the one GE has sunk to, if you include today's 6.2% gain through 11:20 a.m. EDT, it works out to a 16% gain in the past 16 days. Not bad for a half month's work.
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Source Fool.com
