$GE There is No Better Way for a CEO to Say UNDERVALUED STOCK'

GE CEO Immelt buys $2.6 million in company stock

General Electric Co (GE.N) Chief Executive Officer Jeff Immelt purchased $2.6 million of the U.S. conglomerate's shares.

Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL), in New York March 11, 2013.

"I am investing right alongside of you. I have invested my entire bonus in GE stock," Immelt said in a statement provided by the company from his forthcoming annual letter to shareholders. "Like the rest of our leaders, I believe in GE."

After a strong 2013, GE shares have declined 8.5 percent in 2014, underperforming those of industrial manufacturing rivals and the broader U.S. market.

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