Why Shares of General Electric Fell 11.1% in July
Shares of General Electric (NYSE:GE) slid 11.1% in July, according to data from S&P Global Market Intelligence. It was yet another setback for the beaten-down industrial conglomerate.
The stock finished out the month at $6.07 a share, almost a 25-year low. Although the stock has rebounded somewhat in August, it’s still down more than 40% year to date.
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The entire drop in GE’s shares came after the company reported Q2 2020 earnings on July…