GE Shares Bust Through $16 Level

Shares of General Electric (NYSE: GE) have smashed through the $16 level in the last 20 minutes of trading. Gradually rising throughout much of today's trading session, the stock's momentum slowed just after passing the $15.90 level, but once it hit that $16.00 price, shares ripped another 10 cents higher and are now trading nicely over this psychological level.

Volume in the stock is heavier-than-normal today: shares have already changed hands 183 million times, which compares to GE's average daily volume of 93 million shares.

GE shares are now 180% above its current 52-week low of $5.73.

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