Ge Stock Crash

Stock market info recommendations.

Ge stock crash. Ge s stock plunged as much as 8 5 in trading monday as influential jpmorgan analyst and long time ge critic stephen tusa slashed his rating on the stock to underperform. Dollars per share in 2019 down from a high of 51 56 u s. The company s stock fell 42 during the year and after welch s departure it became clear that ge was overstretched and bloated. 1 in the s p 500.

Now there s talk of kicking ge out of the dow altogether. To recover from the quarantine crash is one thing but to break records is silly. Wall street stock market finance report prediction for the future. Yet ge was the worst performing stock in the dow during immelt s 16 year reign.

Ge s biggest mistake in recent years was getting into the financial service business just before the industry went belly up in the 2007 to 2009 banking and housing crash. Ge is an international conglomerate operating in various industry. Few corporate meltdowns have been as swift and dramatic as general electric s over the past 18 months but the problems started long before that. It s a stunning reversal.

Ge s stock crash down by nearly two thirds since the end of 2016 has knocked the company down to the 59th most valuable in the s p 500. Get long general electric stock while it s under the radar ge stock is a sleeping giant. The 2008 financial crisis hit ge hard. Buy or sell general electric stock.

The general electric company s stock cost 11 16 u s. Ge in crisis.