General Electric Co. stock falls Monday, underperforms market
Shares of General Electric Co.
slid 1.50% to $103.35 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.26% to 4,479.71 and the Dow Jones Industrial Average
rising 0.31% to 35,625.40. This was the stock’s second consecutive day of losses. General Electric Co. closed $11.97 below its 52-week high ($115.32), which the company achieved on March 9th.
The stock underperformed when compared to some of its competitors Monday, as Thermo Fisher Scientific Inc.
rose 1.80% to $554.46, Medtronic PLC
rose 0.97% to $129.59, and Danaher Corp.
rose 1.12% to $318.80. Trading volume (6.6 M) remained 1.0 million below its 50-day average volume of 7.6 M.