General Electric (GE), is one of the biggest conglomerates of the world. I don't think there are many companies or if there is even one that can match the size and numerous market segments GE competes in. Major companies of GE include NBC Universal, GE Commerical Finance, GE Industrial, GE Infrastructure, GE Money, and GE Healthcare.
General Electric Stock Performance
General Electric Company stock opened today at $36.18, and moved as high as $36.24. The stock closed at $36.23, up $0.18, or .50%. For the year to date, GE stock has been declining. The stock started the year on Jan 3 at $37.97, and more or less the price was in the range of $37 - $38 until January 18. From that point on GE stock has been on a steady decline, and its' barely recovered today (had a slight upswing just today). It is possible that the stock has been on a steady decline because GM decided to buy Abbott diagnostics unit for $8.13 billion.
For the past one year, GE stock price saw a modest rise of 9.32% or $3.09. The company has the worlds' second larget market capital - at $373.46 billion. In the past 52 weeks, the company's stock reached a high of $38.49, and the lowest being $32.06. General Electric beta on Google Finance is .82. This means that GE Stock is less volatile than the swings of the stock market. General Electric Company does have a dividend policy, as is expected from such a huge conglomerate. GE Dividends have been $0.25 for the first three quarters of 2006, and a dividend of $0.28 a share for the last quarter.
Competitors of GE include United Technologies Corporation, Honeywell International Inc, SIFCO Industries, goodrich Corporation, Dresser-Rand Group, HEICO Corporation, Tecumesh Products Company, Caterpillar Inc, Viacom Inc, and Regal-Beloit Corporation
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