GE stock is rising again, heading for its longest winning streak in 6 years


General Electric shares
ge

They rose 2.3% in afternoon trading Thursday toward a seven-week high, to put them on track for their longest winning streak in six years. The prolonged rally in the industrial conglomerate’s stock comes two days after a GE report Big profit in the second quarter, surprisingly positive free cash flow and first revenue beat in six quarters. The stock is up 19.8% on a 10-day winning streak, which would be its best performance in any 10-day period since rising 20.6% during the 10 days ended Nov. 20, 2020. A 10-day winning streak would be its longest winning streak Since the 10-day winning streak that ended on July 19, 2016, but the stock is only up 4.7% during that winning streak. Despite recent gains, GE shares have still lost 5.8% over the past three months and are down 22.5% year to date, while the S&P 500
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Down 5.1% in the last three months and lost 14.6% this year.



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