Why Shares of General Electric Fell Today
Shares of General Electric (NYSE: GE) fell 7% on Thursday, weighed down by the company's CEO warning that investors should expect negative free cash flow in 2020. The company was already facing a difficult future as the year began, and the COVID-19 pandemic is only adding to the challenges ahead. General Electric entered 2020 in the early stages of a multiyear turnaround, seeking to reverse years of share-price declines due to market-topping acquisitions and the accumulation of a huge debt burden.