GE's Market Cap Falls Below Boeing's

choi

Thomas Gryta, GE's Cap Falls Off in Stock's Tumble. Wall Street Journal, Nov 15, 2017

Quote:

"A two-day tumble has erased 13% from General Electric Co's share price, causing the conglomerate to lose its crown as the biggest US industrial company

"GE's new chief executive, John Flannery, said Monday the company would cut its dividend in half and shed multiple divisions, and that it may take years for a recovery.

"GE shares fell 5.9% to $17.90 Tuesday [Nov 14] -- after falling 7.2% Monday -- and are down 43% for the year.

"The decline has left GE with a market value of $155.23 billion, while Boeing Co shares have enjoyed a 68% gain this year, leaving GE behind as Boeing's market cap reached $155.9 billion. A year ago, GE was worth about $270 billion and Boeing $92.6 billion.

My comment:
(a) Quotation 2 is the cause of tumble.
(b) The previous dividend cut (by two thirds) was Feb 27, 2009, in the Great Recession. Before that, GE cut dividend during Great Depression.
(c) In print the report carries a illustration (Market Swap[;] Boeing and GE market capitalization) showing change since the beginning of 2017. I can not find it online for free.
(s) There is no need to read the rest.