Sunday, June 29, 2008

Recent News: Lobbying, Stock Performance, Dog of the DOW, and Option Volume Volatility.

General Electric spent $4.2M on 1Q lobbying
General Electric Co. spent more than $4.2 million in the first quarter lobbying on issues as wide-ranging as the businesses it runs, according to a disclosure report...

GE Execs Dig In as Stock Falters
SHARES OF GENERAL ELECTRIC (ticker: GE) have continued their slide, but insiders have continued to signal confidence, snapping up $4.5 million in stock in the last two weeks.
On Wednesday Vice Chairman Michael Neal purchased 35,000 shares for $1 million, or $29.99 a share. He now owns 520,154 shares directly and 3,729 shares in his 401(k) plan...

General Electric: A Dow 30 Dog
After what looked like a washout bottom yesterday with General Electric Inc. (GE) shares tumbling to a near 5 year low at $28.89, the stock is sporting another 1% drop this morning – even with the Dow Jones Industrial Average up 1.4%, holding for now a triple digit gain. The conglomerate is the second largest percentage loser and one of only five stocks in the Dow 30 that are lower...

Option Update: General Electric put volume-volatility spike
GE is expected to report Q2 (earnings per share) EPS in mid-July. GE call option volume of 84,047 contracts compares to put volume of 205,829 contracts. GE June & July option implied volatility of 36 is above its 26-week average of 28 according to Track Data, suggesting larger price risk...

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