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Jim Cramer: What to Take Away From Larry Culp Buying More GE Stock

Video Credit: The Street - Duration: 00:55s - Published
Jim Cramer: What to Take Away From Larry Culp Buying More GE Stock

Jim Cramer: What to Take Away From Larry Culp Buying More GE Stock

Should you believe in General Electric ?

Jim Cramer thinks that Larry Culp, CEO of GE, buying a hefty amount of stock might be a good sign looking ahead to 2020.

In a filing, Culp disclosed that he bought 331,684 shares for around $3 million.

This brings Culp's total shares to 942,668, or around $8.5 million.

But yes, that's right, 2020, not 2019.

Why is the date important?

"Larry Culp doesn't buy [$3] million worth of stock--which is just how much he's done now--idly.

Larry Culp is a brilliant guy.

I liked him a lot at Danaher.

He said that this was going to be a reset year.

He never said that this was going to be a good year.

So for him to buy, I think is confidence for 2020," said Cramer.

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