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Saturday, April 20, 2024

General Electric Posting Largest Two-Day Gain In Years

Courtesy of Benzinga.

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  • General Electric (NYSE: GE) shares rallied from $25.47 to $26.82 on Monday.
  • Catalyst being Nelson Peltz's Triad Fund taking $2.5B stake.
  • After a slightly higher open, immediately bottomed at $26.96 and began to rally.
  • So far, has reached $27.40 and remains near that level.
  • Approaching its June 11 high ($27.64) and June 12 high ($27.48).

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