Why General Electric Shares Fell 27% in March
Shares of industrial conglomerate General Electric (NYSE: GE) tumbled 27% in March, to $7.94 per share, according to data provided by S&P Global Market Intelligence. The stock price hit a low of $6.11 per share on March 23, its lowest share price in 28 years, before rebounding slightly. That was more than double the S&P 500's March decline of 12.5%.
Year to date, GE's shares are down more than 40% and have dropped more than 70% in the last five years.
Image source: General Electric.
Source Fool.com
