Ge Stock Drop

Now that boeing has decided to halt the jet s production ge stock is set for another significant drop source.

Ge stock drop. Pressure on ge has. Ge in crisis. Ge plans to offset the 3 5 billion to 4 5 billion in negative free cash flow it forecasts for q2 2020 with 2 billion of cost cutting and 3 billion of cash preservation moves 80 of which. The threat of a dividend cut loomed large and the market s worst fears were confirmed when flannery slashed ge s earnings guidance and cut dividends by a whopping 50 nearly halving the stock s.

Ge stock could drop to 5 bucks analyst says. Ge nyse ge makes the engines for boeing s nyse ba beleaguered 737 max jets. Shares of general electric dropped below 13 in monday trading. The 2008 financial crisis hit ge hard.

17 2019 11 33 am et original jan. Boeing s halt of 737 max production will very severely hurt ge s free cash flow. In the absence of positive news the company s stock fell as far as 12 86 the lowest level since july 2009. Ge stock is set for a further drop from the boeing fallout.

Ge s stock falls to less than 7 from 42 in october 2007 and the company loses its sterling aaa credit rating eventually falling seven levels into the bbb tier the lowest category of. 17 2019 11 29 am et order reprints print article. If ge stock continues this price drop buy the dip ge stock is positioned for a strong 2020 by luke lango investorplace markets analyst jan 29 2020 7 10 am edt january 29 2020.