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Stock impact report

The Ratings Game: GE’s stock selloff started from ‘irrational’ level, analyst says [MarketWatch]

Westinghouse Air Brake Technologies Corporation (WAB) 
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am Check Earnings Report
US:NYSE Investor Relations: wabtec.com/investors
Company Research Source: MarketWatch
GE’s stock selloff started from ‘irrational’ level, analyst says The big selloff in General Electric Co.’s stock was a rational response to disappointing comments made by Chief Executive John Flannery, and to an “irrational” share rally that preceded it, according to J.P. Morgan analyst Stephen Tusa. The stock GE, +2.40% bounced back 2.6% in active afternoon trade Thursday, enough to pace the handful of gainers among Dow Jones Industrial Average DJIA, -0.32% components, after plummeting 7.3% the previous session to suffer the biggest selloff in nine years. Volume had reached 73.2 million shares, already more than the full-day average over the past 30 days of 64.3 million shares. Wednesday’s tumble came after Flannery’s comments at an industry conference were interpreted to mean the company’s turnaround could take longer than expected and the current dividend was not necessarily safe. Don’t miss : GE’s stock suffers worst day in 9 years after CEO John Flannery starts talking . L Show less Read more
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