General Electric Co.’s stock surged 3.2% in midday trade, enough to pace the Dow Jones Industrial Average’s gainers. The stock has now climbed 4.0% since it closed at $14.02 last Thursday, which was the lowest close since July 6, 2010. Despite Monday’s big percentage rally, the 46-cent price gain only added about 3 points to the price of the Dow, which was up 193 points. And GE’s stock was still down 17% year to date, 18% over the past three months, 41% over the past 6 months and 52% the past 12 months, making it the worst Dow performer over all four of those time frames. In comparison, the Dow has gained 0.1% this year, 2.3% the past three months, 14% the past 6 months and 18% the past year.
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From:: Stock Market News