This Week in General Electric Company & Sirius XM Radio

Los Angelas, CA -- (SBWIRE) -- 12/26/2012 -- General Electric Company (NYSE:GE) global research has put together a team of researchers who have achieved a milestone, in the price reduction of zero emission buses by using new Durathon battery of General Electric combined with a lithium battery and hydrogen fuel cell.

The company said that this development will create a new way to manage the energy which buses consume and it could enrich their fuel acceptance and electrification, along with that of delivery trucks as well as other heavy-duty vehicles, making possible the use of cleaner vehicle technology.

General Electric’s shares dropped on Monday’s trading session after opening at $20.79. Its total trading volume for the day was 15.10 million shares whereas its average volume is 43.97 million shares. The Company’s Beta value stands at 1.60 points.

GE’s total outstanding shares are 10.49 billion along with the market capitalization of 218.32 billion. In the last 5 trading sessions, the company dropped almost 5.06% while, in its last one month of trading, it showed a plunge of 1.14%. If we look at the company’s year to date performance, it remained quite optimistic with a gain of 16.25%.

Where Is General Electric Headed Exactly After Achieving This Milestone? Find Out Here

Sirius XM Radio (NASDAQ:SIRI) in a research note issued to investors on Monday. The firm currently has a $3.00 target price on the stock.

A number of other firms have also recently commented on SIRI. Analysts at Goldman Sachs initiated coverage on shares of Sirius XM Radio in a research note to investors on Tuesday, December 18th. They set a buy rating and a $3.50 price target on the stock. Separately, analysts at Barrington Research raised their price target on shares of Sirius XM Radio to $3.75 in a research note to investors on Monday, December 17th. Finally, analysts at Pivotal Research reiterated a buy rating on shares of Sirius XM Radio in a research note to investors on Monday, December 17th. They now have a $3.55 price target on the stock, up previously from $3.45.

Shares of Sirius XM Radio remained flat at $2.95 during during mid-day trading trading on Monday. Sirius XM Radio has a one year low of $1.78 and a one year high of $3.01. The company has a market cap of $15.361 billion and a P/E ratio of 5.80.

The company also recently announced a special dividend, which is scheduled for Friday, December 28th. Stockholders of record on Tuesday, December 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, December 14th.

Is SIRI A Buy Or Sell At These Levels? Find Out Here

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