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GE shares rise after new CEO Culp buys $2.2 million in stock

Michael Sheetz

General Electric GE shares rose Monday after it was revealed recently appointed chairman and CEO Larry Culp bought $2.2 million worth of company stock last week.

GE shares rose 1.3 percent in premarket trading from Friday's close of $9.29 a share.

Culp bought 225,000 shares at an average price of $9.73 a share on November 1, according to an SEC filing disclosed Monday.

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