5 Stocks Stanley Druckenmiller is Selling

4. General Electric Company (NYSE: GE)

Number of Hedge Fund Holders: 68    

General Electric Company (NYSE: GE) is a Boston-based high-tech industry company. It is placed fourth on our list of 10 stocks Stanley Druckenmiller is selling. The stock has returned 96% to investors in the past twelve months. Duquesne Capital does not own any shares in the company, according to the latest filings. 

On July 1, investment advisory Citi maintained a Buy rating on General Electric Company (NYSE: GE) stock with a price target of $17, noting that the firm was well on its way to turning fortunes around with a long-term business plan for growth. 

At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $6.1 billion in General Electric Company (NYSE: GE), down from 69 in the previous quarter worth $5.6 billion.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE: GE)  was one of them. Here is what the fund said:

“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”