Breaking The Old 52 Week Low, Baker Hughes A GE Co (NYSE:BHGE) Closing At $21.47

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Shipwreck Buser

Baker Hughes A GE Co (NYSE:BHGE)

December 6th, 2018
Baker Hughes A GE Co fell $0.65 Thursday which equals a 2.94% decline, closing at $21.47. As well as the drop in value, Baker Hughes A GE Co hit a new 52 week low of $21.05, breaking the previous low of $21.67 from earlier this August.

BHGE was outperformed by the rest of the Energy sector which went down only 1.77%.
Baker Hughes A GE Co is listed on the S&P 500 index, and was one of 280 stocks that dropped today. Weighted by market cap, BHGE represents about 0.08% of the S&P 500.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 13%.

Communication Services saw the biggest turnaround from its 5-day performance of -0.23%, as it went up 1.04%. Energy and Materials experienced turn arounds from their five day positive performance, Energy with a drop of 1.77%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

Baker Hughes A GE Co Info

Baker Hughes, a GE company, LLC provides integrated oilfield products, services, and digital solutions worldwide. The company’s Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for on and offshore operations. Its Oilfield Equipment segment designs and manufactures onshore and offshore drilling and production systems; deepwater drilling equipment; subsea production systems; flexible pipe products for operating environments; equipment for floating production platforms; and operating resources and tools, and offshore products. This segment also provides installation and decommissioning, and brownfield asset integrity solutions; various services and solutions related to onshore and offshore drilling activities; and services for installation, technical support, and well access to oil and gas field developers, and drilling and oil companies. The company’s Turbomachinery & Process Solutions segment designs, manufactures, maintains, and upgrades rotating equipment, drivers, driven equipment, and flow control systems; and provides turnkey solutions, such as power generation modules, waste heat/energy recovery, energy storage, modularized small and large liquefaction plants, carbon capture, and storage/use facilities solutions, as well as system upgrades and conversion solutions for upstream, midstream, downstream, and onshore and offshore industries. Its Digital Solutions segment provides condition monitoring, inspection technologies, measurement, sensing, and pipeline solutions; and software solutions. The company serves through direct and indirect channels. The company is based in Houston, Texas. Baker Hughes, a GE company, LLC is a subsidiary of General Electric Company.

All amounts in USD unless otherwise indicated
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