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GE Plunges as Analysts Double Down on the Bear Case

Liquidity concerns, among other problems, have driven the company’s stock price down 27 percent in the just past month.

By Courtney Dentch & Esha Dey | Updated on November 30, 2018

General Electric Co. (GE) shares sank after two analysts sounded more alarm bells around the company’s liquidity and a report said former GE employees were being questioned by federal investigators about its troubled insurance business.

Once among the most respected American businesses, GE can now barely go a full week without a negative headline. In just the past month, news about an expanded probe of the company’s accounting, credit rating downgrades, potential tax problems, and escalating liquidity concerns have led to a 27 percent erosion in the stock price, overshadowing more positive announcements from GE, including its accelerated exit from Baker Hughes and the restructuring of the struggling power business.

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