Big Insider Buying at Hot IPO Solid Biosciences (SLDB), Range Resources (RRC) and General Electric (GE)

General Electric Company (NYSE:GE) Senior Vice President Alexander Dimitrief purchased a total of 2,689 shares in two transactions towards the end of January, lifting his direct ownership of the company to 81,185 shares, while his indirect ownership rose to 75,224 shares. As mentioned in the intro, shares of General Electric Company (NYSE:GE) have been roasted on the market over the past 14 months, falling from nearly $32 to just above $15.

The iconic company has fallen into disarray, and it’s doubtful that this small vote of confidence from its SVP will do much to improve investor confidence. General Electric is currently in the midst of an SEC investigation related to the $6.2 billion charge that it incurred in the fourth quarter after a review of its insurance portfolio. Deutsche Bank has speculated that the company could also be removed from the Dow Jones, which it’s been a part of for 120 years. Billionaire Warren Buffett of Berkshire Hathaway said last month that he would consider buying GE at the right price, saying it is “a big, strong company”.

Disclosure: None