Why Shares of General Electric Fell 11.1% in July

John Bromels, The Motley Fool
·2-min read
Why Shares of General Electric Fell 11.1% in July

Shares of General Electric (NYSE: GE) slid 11.1% in July, according to data from S&P Global Market Intelligence. It was yet another setback for the beaten-down industrial conglomerate. CEO Larry Culp had been guiding for a cash burn of $3.5 billion to $4.5 billion for the quarter.