Why Shares of General Electric Are Falling Today
Shares of General Electric (NYSE: GE) fell another 13% on Monday, and are now down 47% in the last month, as the threat of a U.S. or global recession continues to build.
General Electric has had a difficult run in recent years, plagued by market-topping acquisitions and taking on too much debt. But the company was a strong performer in 2019, giving reason for hope the worst was behind it.
GE, however, remains a work in progress, with a long turnaround ahead even if the economy remains strong. If a recession does materialize, that process is likely to take considerably longer.
Source Fool.com
