General Electric (GE) NewsBite - GE Falls on Downgrade
Posted on June 16, 2008 at 06:05 AM EDT
General Electric (GE) opened at $28.69. So far today the stock has hit a low of $28.5 and a high of $28.85. GE is now trading at $28.53, down 0.62 (-2.13%). After hitting a one-year high of $42.15 in October, the stock has hit a new one-year low today. Shares of GE are trading lower this morning after a JPMorgan analyst downgraded the stock to "Neutral" from "Overweight," adding in a note that GE will face challenges in its aviation unit and real estate operations due to market difficulties in both sectors. Technical indicators for GE are bearish and steady, while S&...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)