General Electric Co. or GE as it is popularly known as is one of the biggest American multinational conglomerates of today with its spread across various sectors like Energy, Technology, Finance etc. General Electric Co as we know today is credited to be founded by the discoverer of electricity, Thomas Edison. In 1892, the Edison General Electric Company merged with the Thomson-Houston Electric Company in New York, and rebranded themselves as the General Electric Co. Today, it is one of the few companies that is listed in Fortune 500 to Forbes 2000 to the Dow Jones Industrial Average.
The General Electric stock had been publicly traded since 1892. The General Electric stock price saw a great surge post the industrial boom in 1960 and peaked at the dawn of the millennium to a price of $40. It saw a downturn in the 2008 global economic slowdown but has recovered since then and has attained an upward trend. Latest stock news for GE is that the company intends to bag $3.5 billion in the IPO of Consumer Finance Unit. This may see a further increase in value for the stock. The General Electric stock quote for Thursday, 27th March, 2014 was $25.81.