General Electric Co.’s stock jumped 4.5% in afternoon trade Tuesday, to bounce sharply off a more than 6-year low a day before the industrial conglomerate reports fourth-quarter results. The one-day gain would be the biggest since Oct. 5, 2015, when it climbed 5.30% after activist investor Nelson Peltz disclosed a large share purchase, and after GE announced a deal to sell its corporate aircraft financing portfolio. GE is scheduled to report fourth-quarter results before Wednesday’s open. The stock rose 1.1% on the day third-quarter results were reported, but fell on the day of the previous seven quarterly reports. The stock, which closed Monday at the lowest level since Dec. 2, 2011, has plunged 24% over the past three months, while the Dow Jones Industrial Average has gained 13%.
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