General Electric (GE) Goes Single-Digits, Down 7%
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Price: $377.52 +0.69%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: +11.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: +11.4%
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After testing the sub-$10 level yesterday, General Electric Co. (NYSE: GE) went through it today like a 'hot knife through butter' and is now closing in on the $9 level. Shares are down 7% currently to $9.38.
Many think a dividend cut and triple-A rating cut are already priced into the stock, but the stock continues its free-fall. The focus is clearly on GE Capital and its legacy loans.
Many think a dividend cut and triple-A rating cut are already priced into the stock, but the stock continues its free-fall. The focus is clearly on GE Capital and its legacy loans.
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