Why General Electric Stock Just Crashed 5%

General Electric (NYSE: GE) investors are not having a great year.

"Thanks" to the arrival of COVID-19, and the damage it's done to global business in general and to demand for airplanes (and airplane engines) in particular, GE stock is down more than 20% over the past 52 weeks, versus an S&P 500 that is up more than 20%.

And today, GE is getting another shellacking, down 5% in 2:20 p.m. EDT trading.

Continue reading

Source Fool.com