Why General Electric Shares Slumped in April
Shares of industrial giant General Electric (NYSE: GE) slumped 14.4% in April, according to data provided by S&P Global Market Intelligence. The move is particularly concerning when you consider that the S&P 500 index was up nearly 14% over the same period. Moreover, aerospace peers like Honeywell (NYSE: HON) and Raytheon Technologies (NYSE: RTX) also generated high single-digit returns in the month.
The reason for GE's decline probably comes down to a combination of its heavy exposure to commercial aviation and the fact that the other parts of its business are under pressure, too.
GE needs commercial air travel to make a comeback. Image source: Getty Images.
Source Fool.com
