On July 22 the stock closed at $548.99 after having traded as low as $537.16 earlier that day.
On July 23 the stock opened at $595.75, up from the prior close and ended the day at $629.03
That $46.76 up-gap, from $548.99 to $595. 75 was hard to miss.*
From TradingView:
*A couple of the mind-the-gap mentions:
August 18 - Chartology: GE Vernova Traded Down To The Top Of A Major Gap (GEV)
Still no news to accompany the drop from the all-time-high so we shift to explanatory technical analysis (take that Vox, with your explanatory journalism)
Almost to the gap, the stock came up short by 19 cents, not good enough and it potentially gets worse.
The problem is: It could trade down to the bottom of the gap. And it's a big gap. Six month chart from TradingView:....
September 3 - Reminder: GE Vernova Stock Seems Determined To Trade Down To The Bottom Of A Major Gap (GEV)
September 8 - Truth In Market Commentary: Jim Cramer On GE Vernova Edition (GEV)
We are still very concerned about the gap on the price chart even though the stock is trading up six bucks in this A.M.'s pre-market action.
We'll be back with today's conference call transcript at the close.
Earlier today:
GE Vernova Reports, Beats On Revenue, Light On Earnings Stock Bumps Higher (GEV)
$533.08 last, down $52.25 (-8.93%)
