General Electric Co. stock outperforms competitors despite losses on the day

General Electric Co. stock outperforms competitors despite losses on the day

Shares of General Electric Co. GE, -0.94% slid 0.94% to $82.26 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -2.00% falling 2.00% to 3,997.34 and Dow Jones Industrial Average DJIA, -2.06% falling 2.06% to 33,129.59. This was the stock’s third consecutive day of losses. General Electric Co. closed $2.53 short of its 52-week high ($84.79), which the company reached on February 15th.

Despite its losses, the stock outperformed some of its competitors Tuesday, as Honeywell International Inc. HON, -2.31% fell 2.31% to $196.76. Trading volume (4.1 M) remained 3.1 million below its 50-day average volume of 7.1 M.

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