GE shares fall to $6.66 a share, the lowest close during the financial crisis

General Electric shares fell as low as $6.66 share in trading Tuesday, a level which marked the lowest close for the stock during the financial crisis a decade ago.

GE's stock has been battered this year, falling more than 61 percent.

Despite a brief rally after the appointment of Larry Culp as chairman and CEO, the beleaguered industrial company's stock has sold off – dropping more than 21 percent in the past month alone.

GE made its painful dividend cut official last week, with the company's board of directors authorizing the payout to be cut to just a penny a share.

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