GE stock rises toward long win streak, but is still below January peak

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Shares of General Electric Co. GE, +0.90% rallied 1.3% Monday toward their longest winning streak in nearly six years, but they remained well below recent peak of just three weeks ago. GE’s stock started its current win streak after it closed at $89.32 on Jan. 26, which was the lowest close since Feb. 1, 2021, one day after GE reported fourth-quarter results. The industrial conglomerate’s stock has now run up 12.3% during its current streak, which would be the longest since the 10-day stretch that ended July 19, 2016. The stock is still 2.7% below the Jan. 14 closing high of $103.16. It has shed 7.7% over the past three months to underperform the 5.3% decline in the SPDR Industrial Select Sector ETF XLI, +0.08% and S&P 500’s SPX, -0.37% 3.9% decline.

This article was originally published by Marketwatch.com. Read the original article here.

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