General Electric Getting Expensive? CEO Jeff Immelt Buys 50,000 Shares |
| July 29, 2016 | July 2016 Bond Updates |
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In mid-July General Electric hit a new post-crisis high, fueled by the industrial giant's successful exit of most of its financial services businesses and a refocusing on its engineering roots. The earnings report capped an over 20% surge in GE's stock over the previous 12-month, which has won Immelt increasing support on Wall Street even from so-called hedge fund activists like Trian Partners. But, it doesn't seem like GE CEO Jeffrey Immelt believes the company's turnaround 100% complete. |
| View more at: http://www.forbes.com/sites/antoinegara/2016/07/28/general-electric-getting-expensive-ceo-jeff-immelt-buys-50000-shares/ |
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