Why General Electric Stock Slumped Almost 40% in the First Half of 2020
Shares of battered industrial conglomerate General Electric (NYSE: GE) tumbled 38.8% in the first six months of 2020, according to data provided by S&P Global Market Intelligence. The move extends a four-year losing streak for GE, with shares down nearly 80% from their July 2016 post-Great Recession highs.
Since 2008, things have been going badly at GE. Poorly timed investments in consumer credit and oilfield services conspired with the disastrous acquisition of Alstom Power to tank the company's finances.
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Source Fool.com
