The allegations by Madoff whistleblower Harry Markopolos of a $38 billion fraud at General Electric are “at best disingenuous” and “at worst highly inaccurate,” according to Nick Heymann, co-group head of global industrial infrastructure at the William Blair financial services firm.
“You got the stock on sale yesterday for absolutely no basis. This is why all the insiders are buying,” Heymann told CNBC on Friday, one day after GE shares tanked 11% to $8.01 per share, in their worst trading session in more than a decade.
GE stock on Friday regained most of the losses after the troubled conglomerate late Thursday revealed that CEO Larry Culp purchased nearly $2 million worth of shares. The purchase was made after Markopolos called the company “a bigger fraud than Enron.”
The Black Financial Channel is a news and business channel designed specifically for the African American community. We give daily financial updates on stock markets, investing and other related topics that appear in financial news.
The Black Financial Channel is sponsored by The Black Business School. To join The Black Business School and get started for free, please visit TheBlackBusinessSchool.com. You can also get free financial tips, advice and information from Dr Boyce Watkins by visiting DrBoyceWatkins.net
GE Stock rises nearly 10% after analyst's negative report is rebuked financial analysis | |
| 112 Likes | 112 Dislikes |
| 2,134 views views | 15.7K followers |
| News & Politics | Upload TimePublished on 16 Aug 2019 |
Related keywords
black wall street times,the stock market crash of 2008,the stock market live,investing 101,money tree,black wealth podcast,black wealth chain,black wealth renaissance podcast,http://boycewatkins.com,black wall street durham,the stock market crash,financial problem,the stock market game,the stock market crash caused the great depression,investing in bonds,economic news philippines,economic news forex,black wall street chicago,black wall street gallery,the stock market explained,black wealth network,financial analyst,financial newspapers in india,the stock market is a device for transferring money from the impatient to the patient,economic newspaper,financial advisor,financial news pakistan,money converter,financial news south africa,money laundering,investing definition,money order near me,economic news australia,the stock market conyers ga,investing in index funds,moneylion,investing for beginners,black wall street in tulsa oklahoma,black wall street today,money heist cast,the stock market is not the economy,the stock market shawano,black wealth pendant,investing in startups,money market account,financial news podcast,money man,investing for dummies,investing in stocks 101,dr boyce watkins school,dr boyce watkins twitter,black wealth bootcamp,financial news today,financial management course,black wall street history,the stock market plumbing,the stock market crash of 1929 was a direct result of,investing in gold,black wall street tulsa,financial newspaper,dr boyce watkins atlanta,black wall street museum,dr boyce watkins books,moneyball,financial report,dr boyce watkins chicago,black wall street logo,dr boyce watkins net worth 2017,the stock market for dummies,financial system,dr boyce watkins net worth 2019,black wall street businesses,economic news in nigeria,financial intermediaries,financial statement analysis,financial instruments,the stock market watch,dr boyce watkins email,dr boyce watkins.net,dr boyce watkins girlfriend,economic news india,black wall street atlanta,dr boyce watkins new orleans,dr boyce watkins podcast,black wall street homecoming,the stock market crash of 1929,financial institutions,financial ratios,black wealth chain jakkboy maine,economic news world,economic news brazil,financial market,black wealth matters,black wall street ball,financial news canada,financial literacy,financial news websites,bbc economy news,economic news in english,dr boyce watkins youtube,financial newspapers,the stock market for beginners,financial plan,investing in mutual funds,investing podcasts,economic news usa,economic news europe,money network,dr boyce watkins wife,investing money,black wealth 2020,financial news app,financial accounting and reporting,black wall street memorial,black wealth necklace,financial news api,dr boyce watkins masterclass,dr boyce watkins youtube 2019,the stock market definition,investing reddit,financial news bloomberg,black wall street movie,financial accounting,economic news articles,black wealth book,black wealth tees,investing apps,financial news london,black wealth quotes,dr boyce watkins ig,black wall street app,black wall street book,financial news sri lanka,money in the grave lyrics,money heist,black wall street shirt,the stock market under trump,black wealth management,financial news network,investing in stocks,financial statement sample,money heist season 3,financial news australia,money heist season 4,economic news uk,dr boyce watkins tv,economic news today,black wealth renaissance,money order,economic news thailand,the stock market is rigged,investing channel,black wealthy neighborhoods,dr boyce watkins investing,economic newspapers,economic news canada,investing books,black wealth in boston,financial news global,black wall street the game,economic news us,moneypak,financial statement,financial news uk,investing in real estate,money lyrics,money in the grave,economic news this week,financial news free,moneygram,financial news india,the stock market this week,financial management,black wealth consortium,investing in bitcoin,moneybagg yo,black wealth institute,investing in reits,black wealth enterprises limited,
Không có nhận xét nào:
Đăng nhận xét