General Electric shares fell to a new 9-year low on Monday, dropping to levels not seen since July 22, 2009, as concern about the a recent gas turbine failure in Texas continue to hang over the embattled industrial conglomerate.
Shares of GE fell as far as $11.80 a share in trading, breaking past its previous low this year of $11.94 a share.
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The stock closed at $11.63 a share on July 22, 2009 – a few months after it hits its lowest point during the financial crisis, when it closed $6.66 a share on March 5, 2009.
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