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General Electric’s turnaround plan has investors dumping the stock (GE)





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  • General Electric’s stock dropped as much as 7.1% on Monday after the company outlined its turnaround plan.
  • The company’s earlier announcement that it would cut its dividend sent shares higher initially, but the stock dropped into negative territory once details around the restructuring emerged.
  • GE is looking for a shot in the arm, having fallen 35% year-to-date through the end of last week.

General Electric‘s plan to reconfigure its flailing business is being met with skepticism by investors.

The company’s stock dropped as much as 7.1% on Monday after it laid out a corporate restructuring plan and trimmed full-year 2018 guidance.

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Source:: BusinessInsider.Com

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