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Why GE Aerospace (GE) Stock Is Trading Up Today [Yahoo! Finance]
Last general electric company earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
secured orders for eight LM2500 marine gas turbine engines to equip two new U.S. Navy destroyers. The engines were slated for the future USS Intrepid and USS Robert Kerrey, both Flight III Arleigh Burke-class destroyers. Each ship was set to be powered by four LM2500 engines, continuing the propulsion standard used across this class of vessel for more than three decades. The contract win appeared to boost investor confidence in the company's growth prospects. The stock may have also benefited from a broader market trend where investors rotated into industrial stocks. After the initial pop the shares cooled down to $300.23, up 4.1% from previous close. Is now the time to buy GE Aerospace? Access our full analysis report here GE Aerospace's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change i
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