12.24 +0.02 (0.16%)
After hours: 7:59PM EDT
|Bid||0.00 x 1000|
|Ask||12.25 x 3100|
|Day's Range||11.94 - 12.36|
|52 Week Range||11.94 - 25.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.48 (3.68%)|
|1y Target Est||N/A|
General Electric shares are off by more than 2%, dropping below $12 a share for the first time since the summer of 2009, as investors apparently remain unconvinced that the company’s turnaround plan will remedy its woes.
Patience is a virtue, but a poor sales pitch. Institutional investors in aggregate dumped 2.87 million shares of the industrial giant in the second quarter, according to data compiled by Bloomberg from 13F regulatory filings. Flannery announced his turnaround plan — which calls for spinning off GE's health-care unit, divesting its stake in the Baker Hughes energy business and further winding down GE Capital — before the market opened on June 26.
Solar and wind operator TerraForm Power Inc (NASDAQ: TERP ) reported second-quarter results Monday that convinced Oppenheimer to turn bullish on the stock. The Analyst Oppenheimer's Colin Rusch upgraded ...
Ryan McQueeney discusses the morning's top market headlines, including the effect of the Turkish crisis on U.S. stocks, GE's historic low point, Corona's new marijuana investment, and earnings from retail giant Macy's. Later, he checks in with Warren Buffett's latest holdings and discusses the investing icon's take in Apple.
The industrial giant reached a new 9-year low Wednesday, Aug. 15, briefly falling below $12 for the first time since July 2009. The company is in the midst of CEO John Flannery's plan to trim GE's operations down to its three core businesses of aviation, power and healthcare. Copper prices fell 2.7% to $2.609 a pound on the Comex division of the New York Mercantile Exchange Wednesday, entering bear market territory after slipping to a 13-month low on Tuesday.
MARKET PULSE Shares of General Electric Co. (ge) shed 1.1% in midday trade Tuesday, putting them on track to suffer a sixth-straight decline toward a nine-year low. That would mark the third losing streak of at least six sessions so far this year, the longest being the seven-session stretch ending June 21.
Shares of General Electric (GE) fell below $12 for the first time in nearly a decade on Wednesday amid the broader market slide. Shares of General Electric (GE) dropped as low as $11.94 on Wednesday morning, the first time the stock has fallen below the $12 mark since July 2009. There's not much in the way of specific GE news today that could be hitting the shares, although it may be residual concern over the company's restructuring plan, with jittery investors taking cues from the broader market slide to sell the shares.
It can be safely said that 2018 has not been a good year for General Electric (GE) so far. On June 19, 2018, General Electric's more than 100-year run on the Dow Jones Industrial Average came to an end. One of America's best-known companies that traces its roots back to Thomas Edison, is now no longer the among the elite of the stock markets.
General Electric fell below $12 per share for the first time since July 24, 2009. Investors appear concerned about the embattled industrial company's turnaround plan. General Electric shares fell below $12 per share for the first time since July 24, 2009, on Wednesday, plowing a new low for the stock this year as investors appear concerned about the embattled industrial company's turnaround plan.
U.S. stock futures are trading lower this morning. Wall Street is unable to shake the specter of Turkey’s economic woes for the second session. Corporate earnings and a flood of U.S. economic data also have investors worried heading into the open.
Erika Hayes James became the first African-American woman appointed dean of a top-25 business school when she was tapped for the role at the John H. Harland Dean of Goizueta Business School in 2014.
Moody's Investors Service ("Moody's") assigned a Ba3 rating to Starwood Property Trust, Inc.'s (Starwood) $300 million senior unsecured notes. The company's corporate family and senior secured term loan ratings remain unchanged at Ba2 and Ba1, respectively, and the outlook for all ratings is stable. Moody's assigned the Ba3 rating to the proposed notes based on Starwood's Ba2 corporate family credit profile, the notes' priority and proportion in Starwood's debt capital structure, and the strength of the notes' asset coverage.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.