General Electric’s turnaround plan has investors dumping the stock (GE)
|11/13/2017||Posted by BusinessMediaguide.Com under General World News||
- General Electric’s stock dropped as much as 7.1% on Monday after the company outlined its turnaround plan.
- The company’s earlier announcement that it would cut its dividend sent shares higher initially, but the stock dropped into negative territory once details around the restructuring emerged.
- GE is looking for a shot in the arm, having fallen 35% year-to-date through the end of last week.
General Electric‘s plan to reconfigure its flailing business is being met with skepticism by investors.
The company’s stock dropped as much as 7.1% on Monday after it laid out a corporate restructuring plan and trimmed full-year 2018 guidance.
GE outlined read more >>>