Jeff Immelt Buys 50,000 GE Shares

Classic. With its stock falling heavily each day — perhaps caught in a vicious CDS-related fear loop — GE CEO Jeff Immelt has stepped up and bought 50,000 shares. According to CNBC, they were acquired at $8.26, so he’s already down over 5.5%.

Of course, Ken Lewis has been trying this move all the way down, to little no effect.

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