Question: Why Is General Electric Stock Down?

Why is GE stock down today?

GE Stock Dropped Again.

The stock is at a new 52-week low and its lowest close since the summer of 1990.

The reasons are well known.

Demand for air travel has been pummeled by Covid-19, which means fewer General Electric (ticker: GE ) jet engines on fewer commercial jets..

Why has General Electric stock declined?

General Electric’s stock has seen a whopping 50% decline since the beginning of this year, significantly underperforming broader markets, with the S&P down around 12%. The company has a high exposure to the aviation industry, which has been the worst hit in the current COVID-19 crisis.

Will GE ever bounce back?

General Electric generated about $95 billion of revenue in 2019 on profit margins, excluding some items, of 10%. GE’s revenues will plunge in 2020, before recovering in 2021 and 2022. By 2022, industrial economic activity will likely rebound to its 2019 levels.

Who owns the most GE stock?

Top 10 Owners of General Electric CoStockholderStakeShares ownedT. Rowe Price Associates, Inc. (I…8.88%776,979,156The Vanguard Group, Inc.7.20%629,971,092Fidelity Management & Research Co…4.28%374,177,395BlackRock Fund Advisors4.14%361,970,8426 more rows

What stocks has Buffett bought recently?

StocksBRK.A. Berkshire Hathaway Inc. NYSE:BRK.A. $327,440.00. … BRK.B. Berkshire Hathaway Inc. NYSE:BRK.B. … BAC. Bank of America Corporation. NYSE:BAC. … JPM. JPMorgan Chase & Co. NYSE:JPM. … GOLD. Barrick Gold Corporation. NYSE:GOLD. … KR. The Kroger Co. NYSE:KR. … PNC. The PNC Financial Services Group, Inc. NYSE:PNC. … SU. Suncor Energy Inc. NYSE:SU.More items…•

Is GE stock a good investment?

In isolation, GE is an attractive stock, and it’s worth buying for patient investors. This is because GE’s highly regarded CEO Larry Culp plans to turn around the under-performing power and renewable energy segments.

What is going on with GE?

GE has weathered some of its worst years in recent history but had a solid 2019. As of February 2020, shares have fallen a whopping 59% since January 2017, when the company announced it would cut 12,000 jobs. The company’s market cap, which stood at $262 billion at the time, has fallen significantly to $107 billion.

Is GE in trouble?

But GE still has more debt than the average company, making it more vulnerable to a virus-induced economic slowdown. The stock was down 4.4% in recent Wednesday trading. CEO Larry Culp has been on a mission—since taking over in late 2018—to repair GE’s balance sheet, and lots of progress has been made.

Does Warren Buffett own GE stock?

Berkshire Hathaway didn’t own GE stock, according to the latest 13F filing with the Securities and Exchange Commission.

What are the best stocks to buy right now?

Best Value StocksPrice ($)Market Cap ($B)NRG Energy Inc. (NRG)34.708.5NortonLifeLock Inc. (NLOK)23.4613.9Unum Group (UNM)18.783.8