Funds Keep Dumping Blocks of GE Shares at an Exceedingly Rapid Pace
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Unusually large trades in General Electric Co. continue to hit the tape as the stock plunges further, suggesting one or more major shareholders are trying to sell as fast as possible.
Of the 12 largest blocks in S&P 500 Index companies today, nine of them were attributed to GE (when stripping out the market-on-open auctions). Collectively, these trades come out to around 24.3 million shares and equate to a total market value of around $196 million.