FYI: GE shares suffering worst 5-day stretch in nearly 9 years, are now less than 1/20th the price of the highest-priced
Dow stock.
As General Electric Co.’s stock falls further behind its peers to fresh multiyear lows, the risk of it snapping its record 110-year run within the Dow Jones Industrial Average keeps increasing.
The struggling industrial conglomerate’s stock GE, -2.92% plunged 3% in afternoon trade Friday, putting it on track for the lowest close since Dec. 2, 2011, in the wake of the company’s disclosure this week of massive losses in its legacy insurance business.
The 14.5% plunge amid a five-session losing streak is the biggest 5-day decline since it shed 17.0% in the five days ending March 6, 2009.
It has now tumbled 31% over the past three months and 48% the past 12 months, while the Dow industrials DJIA, +0.10% have rallied 12% the past three months and 32% the past year.
Regards,
Ted
https://www.marketwatch.com/story/ges-stock-plunge-puts-110-year-run-in-the-dow-industrials-at-risk-2018-01-19/print
