What is the General Electric Company?
General Electric Company is a North American multinational conglomerate of diverse businesses that has been in operations for more than 125 years. The company was formed through a series of large investments in the Edison Electric Light Company, the corporation responsible for the invention and commercialisation of the lightbulb and was one of the original 12 constituents of the Dow Jones Industrial Average in 1896. It also holds the record for the longest continuous membership of the industrial index remaining on the list of 30 companies from 1997 through to 2018 when it was removed due to falling revenues, at one point losing 55% of its value in one year.
The present-day company has vast businesses operating primarily in power generation, renewable energy, aviation, and healthcare. It is also a leader in developing technological solutions in additive manufacturing, materials science, and data analytics. General Electric is strategising that its considerable market penetration in traditional energy production will give it an advantage in the renewables sphere as the world’s major economies aim to reduce greenhouse gas production. GE has also taken major strides to improve its reputation when it comes to environmental responsibility after being the subject of multiple investigations relating to pollution from its factories or operations.
Performance of GE stock price
The General Electric stock price has traded within the 52-week range of $5.48 and $14.41 as of mid-April 2021 at an average volume of 7.5 million trades a day. The corporation was ranked as the 33rd largest company in the US based on revenue in 2020 and has a market capitalisation of $117.62bn. Revenues at the company have suffered dramatically over the past decade and the GE stock value has also decreased substantially over the same period. The current price of GE stock has been able to surpass the price of $11.97 that it opened 2020 with through gradual restructuring and by focusing on fast growing industries, such as renewable energy. As of early 2021, the stock was sitting at $13.46, which is a long way from its peak of almost $60 in 1996.
How to buy GE stock
GE stock trading occurs on the New York Stock Exchange. Those looking to buy GE stock can purchase it directly through the exchange, through a broker or indirectly through an index which includes GE, such as the S&P 500. Traders are also able to purchase derivatives based on GE shares such as CFDs or options.
Traders looking to buy GE stock by using the Currency.com tokenised platform are able to profit from upward or downward movements in the General Electric share price without having to invest directly. Tokenised assets are crypto derivatives whose value is linked to the value of a particular asset, in this case the GE share price. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows trading using crypto without the need to convert back and forth with fiat currency, saving exchange fees. The utilisation of this technology allows tokenised asset trading to be efficient, inexpensive and secure.
When trading tokenised assets based on the GE stock price chart you can take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. If you think the GE share price will decrease you can take a short position and if you think it will increase you can take a long position. Trading tokenised assets on Currency.com also allows traders to benefit from the leverage offered on the platform, up to 1:20 leverage.
Why trade tokenised GE shares with Currency.com?
Trading tokenised General Electric shares with Currency.com tokenised assets exchange has a number of advantages. Tokens are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument’s price.
- One-stop crypto trading platform
Trade tokenised General Electric shares with Bitcoin or Ethereum. Benefit from the share price movements without exchanging your crypto assets into fiat.
Trade tokenised shares with a tight market spread, benefit from maker rebates and competitive taker fees.
Experienced traders can trade the world’s top stocks, like GE, with up to 1:20 leverage.
- Effective risk management
Manage your risks and secure your profits with stop-loss and take-profit orders. Save your assets with negative balance protection.
Currency.com has a scalable and low latency order management system, which can execute 50 million trades a second.
Currency.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.
Tokenised shares trading guide
Trading tokenised General Electric shares is no more difficult than regular shares. To begin trading tokenised assets, you will need to follow some simple steps:
- 1. Register for an account with Currency.com
- 2. Deposit funds (with crypto or fiat) in the account
- 3. Determine the position size desired, accounting for leverage offered by Currency.com
- 4. Determine your trading position (long or short) based on expected price movement and purchase tokenised General Electric shares
- 5. Currency.com matches the long orders from its clients with the sell orders and then hedges the unmatched orders through Capital.com, LMAX Digital or exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE, and Gain Capital
- 6. Close your position when applicable. You can set a take profit or stop loss indicator to ensure you are not required to constantly monitor the price. Funds will deposit back to your account after closing and you can withdraw or take a new position