- Shares of General Electric are down 4.26% at $18.21 as selling continues following Monday's release of the company's turnaround plan.
- GE shares have fallen more than 10% since the plan was released.
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General Electric is getting hit for a 2nd straight day after announcing its turnaround plan (GE)
Shares are down about 10% since the company's turnaround plan was announced.
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Shares of General Electric are seeing follow-through selling on Tuesday, trading down 4.26% at $18.21 a piece. The losses come after shares tumbled more than 7% on Monday in response to the company's turnaround plan.
CEO John Flannery doesn't seem to be too worried about the selling on Wall Street.
"I'm not trying to run the company for the reaction on Monday and Tuesday or Wednesday of this week," he told CNBC's Squawk on the Street. "We have a long-term plan."
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GE announced it was slashing its dividend by 50% and implementing other cost-cutting measures to turn things around. Shares had slumped about 35% this year before Monday's slide. M
In addition to its cost-cutting measures, GE forecast
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