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Why General Electric Shares Fell 27% in March [The Motley Fool]
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
John Bromels(TMFTruthPower)Author BioJohn has found investing to be more interesting and profitable than collectible trading card games. He seeks growth and value stocks in the U.S., in Germany, and beyond!What happenedShares of industrial conglomerateGeneral ElectricNYSE:GE Global Market Intelligence 00Year to date, GE's shares are down more than 0% and have dropped more than in the last five years.Image source: General Electric.So whatThroughout its recent history, General Electric has beenplagued by bad timingIn March, GE's bad luck showed up again as oil prices crashed and the coronavirus pandemic brought air travel to a screeching halt and shut down manufacturing operations in many parts of the world. Unfortunately, GE's most profitable division is its aviation division, which manufactures jet engines. The market is justifiably concerned about the future of the aviation industry and bid down GE's shares accordingly.Although GE combined its oil and gas unit with oilfield service
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