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GE stock dives into the red after investor update on supply chain pressure

GE stock dives into the red after investor update on supply chain pressure

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Shares of General Electric Co. GE, -3.92% took a dive in morning trading Friday, swinging from a slight gain to a 4.3% loss, after the industrial conglomerate disclosed that supply chain challenges will put pressure on growth, profit and free cash flow through the first half of 2022, more so than typical seasonality. “In light of recent commentary from other companies, a number of investors and analysts have been asking us for additional color about what we are seeing so far in the first quarter,” the company said in investor newsletter.

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