General Electric (GE) Sees More Insider Buying

March 3, 2009 11:18 AM EST

General Electric (NYSE: GE) sees more insider buying:

GE Capital CEO Michael A. Neal bought another 25,000 shares today at 6.99. Yesterday he bought 75,000 shares.

Officer John Rice bought 50,000 shares today at $7.04.

Yesterday, GE execs bought a total of 175,000 shares.


Shares of GE cracked the $7-level earlier in the day.  It is currently down 7.8% to $7.01.


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Comments

It time for you to go
OB on Mar 11, 2009 11:51 AM

Hey Jeff, At what price does the stock have to it before you resign?

ge
zane on Mar 3, 2009 07:56 PM

reverse split is coming soon......then after that, the death of ge comes...we all need to get to corporate headquarters with guns a blazing...here i come jeff!!

GE insiders
zane on Mar 3, 2009 01:31 PM

well they are bit late. I guess someone remined them that if GE goes belly up they will be out of work. Immelt and his exec team have failed miserably. they behave recklessly with shareholder money. they leveraged everything up. and they gave away too many stock options to niggers and other board memebers so they could be politically correct. they make me want to puke.


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