Pinnacle Associates reduced its GE HealthCare stake by 6.2%, while GE reported Q2 earnings exceeding estimates.

Pinnacle Associates Ltd. cut its stake in GE HealthCare Technologies Inc. by 6.2%, owning 19,556 shares valued at $1.52 million. Meanwhile, Cambridge Investment Research and Vanguard increased their holdings. GE reported Q2 earnings of $1.00 per share, exceeding estimates, with revenues of $4.84 billion. The company also raised its quarterly dividend to $0.03. GE HealthCare has a market cap of $38.73 billion.

September 01, 2024
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