Immelt Buys $3.5 Million in GE Stock (GE)

[24/7 Wall St.]

24/7 Wall St. Daily News

Chairman of General Electric Co. (NYSE: GE), Jeff Immelt, has made another vote of confidence in the stock today. In transactions listed with a trade date of TODAY May 28, 2008, the filing with the SEC shows that Immelt purchased some 115,000 shares at prices between $30.59 to $30.66. At a mid-point, this represents roughly $3.52 Million worth of stock. As a reminder, he purchased shares earlier before the company dropped the ball on its last earnings report. After that, we came up with a mid-range valuation for the company that is higher than current levels. But it also was...http://feeds.feedburner.com/~f/typepad/RyNm?i=Rxr9vH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Rxr9vH) http://feeds.feedburner.com/~f/typepad/RyNm?i=GlUWOH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GlUWOH) http://feeds.feedburner.com/~f/typepad/RyNm?i=y8jDVh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=y8jDVh)


complete story here... (http://www.247wallst.com/2008/05/immelt-buys-35.html)