Downward Volume Spike: General Electric (GE)

Posted in General 
January 13th, 2009

GENERAL ELECTRIC CO. (NYSE: GE) has been under more pressure than you would have guessed on a day where no fresh news is out against the company.  Shares are down about 6.5% at $14.82 at 11:17AM EST.  The magic for this is that the move is now more than a $1.00 drop and we have now seen some 49,951,172 shares trade hands and volume has been increasing over the last 30 minutes.  Its average daily volume is roughly 110 million shares.

We have yet to see any news, but there is likely some market chatter around the upcoming earnings announcement.

Jon C. Ogg
January 13, 2009

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