Industrials

If You Invested $1000 in GE at the Market Bottom, It Now Would Be Worth $2750

vladans / iStock

Timing the market is easily one of the most difficult parts of trading. In particular, calling the market bottom and knowing when to get in is usually something investors only know way after the fact. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.

Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,747.30, more than quadrupling its bottom nearly nine years ago.

So how does this stack up against General Electric Co. (NYSE: GE)?

On an adjusted close basis, GE closed March 6, 2009, at $5.27 a share, and at $7.06 on an unadjusted basis. GE most recently closed at $14.50 on an adjusted basis.

At first glance, we can see that GE’s growth over this nine-year period was outpaced by the S&P 500. Specifically, the stock saw its shares gain roughly 175%.

If you had invested $1,000 in GE back then, you would have $2,751.42 as of Friday’s close.

Over the past 52 weeks, GE has underperformed the broad markets, with its shares down about 52%. In just 2018 alone, GE is down 17%.

Shares of GE were last seen trading at $14.49, with a consensus analyst price target of $18.57 and a 52-week range of $14.23 to $30.54.

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.