A friendly, and possibly completely non-applicable reminder, that the SEC will take action against people who trade in a stock based on any knowledge that is not widely public; and that would likely include anybody reading this particular thread and seeing this comment, unless the “behind the scenes” person referenced does not actually have any actual knowledge.
“behind the scenes” is a red flag for security fraud.
Thanks for the reminder, but it isn’t applicable. Also, there are plenty of reasons now known to the public for the recent devaluation in this stock, independent of rumors and hearsay. To me, the bigger question is what are the details of the investigation they are under, and what have they been hiding from general investors?
“Behind the scenes” information that can just as easily be found by searching LInkedIn for people with GE in their history and finding hundreds that have switched jobs out of the company in the past 6-12 months and the positions they used to hold.