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General Electric (GE) Goes Single-Digits, Down 7%

February 20, 2009 9:50 AM EST
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.

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