Wednesday, May 28, 2008

GE Stock Lower Than Sept. 10, 2001 Close; Immelt Buys Some (GE)

Monday, September 10, 2001 was the day that Mr. Immelt took over at GE. The stock closed that day at a split adjusted $32.86. It is trading at $30.33 as I type.
Here's the stock purchase story, from 24/7 Wall Street:
Chairman of General Electric Co. (NYSE: GE), Jeff Immelt, has made another vote of confidence in the stock today. In transactions listed with a trade date of TODAY May 28, 2008, the filing with the SEC shows that Immelt purchased some 115,000 shares at prices between $30.59 to $30.66. At a mid-point, this represents roughly $3.52 Million worth of stock....MORE