If You Invested $1000 in GE at the Market Bottom, It Now Would Be Worth $2750
The S&P 500 has more than quadrupled since its bottom nearly nine years ago. So how does this stack up against GE?
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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.
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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.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
