Why GE Stock Dropped 5.5% Today, Then Got Most of It Back
If one of the nation's most important industries, aviation, is on the ropes, and the head of aviation at one of America's biggest blue chip industrial companies has just announced he will resign on Sept. 1, what conclusions should investors draw from this?
Maybe it's all pure coincidence. But investors seeing these two situations play out today voted with their feet by exiting shares of General Electric (NYSE: GE) on news that the CEO of its aviation division, David Joyce, is retiring.
General Electric shares fell as much as 5.5% in Monday trading but rebounded to close slightly lower by 0.1%.
Source Fool.com
