- Shares faced a huge sell-off after the company said last Thursday that it
- GE shares have dropped 36% this year, giving short sellers a $673 million profit to traders betting against the stock, according to data from the financial-analytics firm S3 Partners.
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General Electric's stock hasn't bottomed yet because it didn't 'rip the band aid off,' RBC says (GE)
General Electric hasn't bottomed yet and incremental bad news will continue to weigh on its stock price, RBC says.
General Electric Chief Executive Officer John Flannery presents the company's new strategy and financial targets to investors at a meeting in New York.
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