Why General Electric Stock Just Popped 5%

Rich Smith, The Motley Fool
·2-min read
Why General Electric Stock Just Popped 5%
Why General Electric Stock Just Popped 5%

General Electric (NYSE: GE) stock is continuing to claw its way back after falling hard Tuesday, after it was revealed GE is the subject of an SEC investigation into its accounting practices. In Tuesday trading, GE shares slipped nearly 5% at one point in response to the news. For one thing, despite Tuesday's news, Bank of America yesterday reiterated its buy rating on GE stock, and held firm on its $11 price target.