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Home / Business / General Electric drops again and is set to the 13th monthly decline

General Electric drops again and is set to the 13th monthly decline



General Electric Co. shares fell on Thursday, extending a decline that brought the stock to multi-year lows and used them for its 13th monthly decline. Stock

GE, -1.21%

fell 2% to $ 13.45, down 5% since the beginning of the month. March is just the last of a long series of monthly declines; GE did not have a positive month since February 2017, when it rose 0.4%. The series of thirteen monthly losses represents the longest monthly loss in decades since FactSet's available data, dating back to 1

972, showed that the longest monthly decline since then was seven months. Earlier this week, GE shares fell below the $ 13 mark for the first time since July 2009, as the company faced a number of issues including a weak earnings outlook, a Securities and Exchange Commission investigation, and cash flow problems affecting it this led to halving the dividend last year. The share fell more than 22% this year, making it the worst component of the Dow Jones Industrial Average over that period and one of the worst S & P 500s. The Dow

DJIA, + 1.19%

rose 1.2% on Thursday during the S & P 500

SPX, + 1.12%

rose 1.2% and the Nasdaq Composite Index

COMP, + 1.10%

was increased by 1.3%.


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