GE's stock surges toward first gain in 10 days

General Electric Co.’s stock GE, +1.72% rallied 1.7% in morning trade Tuesday, putting it on track to snap a 9-session losing streak, after the struggling diversified industrial company announced a deal to sell its Current LED technology business. The losing streak through Monday was the longest since the 9-day streak ending Nov. 2, 2017, but the stock has tumbled 27% during the current streak compared with a 16% loss in last year’s streak. On Monday, the stock closed ($9.28) at the lowest levels since March 11, 2009. The stock has now shed 53% over the past 12 months, while the Dow Jones Industrial Average DJIA, +0.30% has gained 8.4%.

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