General Electric's turnaround plan has investors dumping the stock

General Electrics stock dropped as much as 7.1% on Monday after the company outlined its turnaround plan.
The companys earlier announcement that it would cut its dividend sent shares higher initially, but the stock dropped into negative territory once details around the restructuring emerged.
GE is looking for a shot in the arm, having fallen 35% year-to-date through the end of last week.

General Electrics plan to reconfigure its flailing business is being met with scepticism by investors.

The companys stock dropped as much as 7.1% on Monday after it laid out a corporate restructuring plan and trimmed full-year 2018 guidance.

GE outlined turnaround measures in an investor prese…

General Electric’s turnaround plan has investors dumping the stock – Business Insider Australia