General Electric Co. (NYSE:GE) Chairman Jeffrey R. Immelt bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was bought at an average cost of $31.45 per share, for a total transaction of $1,572,500.00. Following the completion of the acquisition, the chairman now owns 2,198,688 shares in the company, valued at approximately $69,148,737.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently raised its position in General Electric stock. Toth Financial increased its stake in General Electric Co. (NYSE:GE) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,981 shares of the company’s stock after buying an additional 4,756 shares during the period. General Electric makes up approximately 2.9% of Toth Financial’s investment portfolio, making the stock its 3rd largest position. Toth Financial’s holdings in General Electric were worth $8,815,000 as of its most recent filing with the SEC.
Source: American Banking and Market News