Why General Electric Company Stock Fell More Than 16% in October
General Electric Company (NYSE: GE) stock fell after a disastrous set of third-quarter earnings left investors reeling. The key highlights include:
In a nutshell, Flannery was forced to reset investor expectations after a series of disappointing earnings reports from GE revealed underlying issues at the company.
GE may sell its transportation unit as part of wholescale restructuring. Image source: Vincent Laforet for GE Reports.
Source: Fool.com
General Electric Co. Stock
€155.00
1.310%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
As a result the target price of 168 € shows a slightly positive potential of 8.39% compared to the current price of 155.0 € for General Electric Co..
