Home / Stocks / GE’s stock bounces into positive territory in attempt to snap 8-day losing streak

GE’s stock bounces into positive territory in attempt to snap 8-day losing streak

General Electric Co.’s stock

GE, +1.78%

edged up 0.2% in afternoon trade Monday, erasing earlier losses of as much as 2.3%, in a late attempt to snap its losing streak at 8 sessions. The industrial conglomerate’s stock had tumbled over the past eight sessions, highlighted by the 5.2% drop on April 8 after J.P. Morgan analyst Stephen Tusa downgraded GE back to underweight, after he had helped spark a rally in December with his upgrade to neutral. A ninth-straight decline on Monday would have been the longest losing streak since the 9-day stretch ended Nov. 5, 2018. GE’s stock has still run up 24% year to date, while the Dow Jones Industrial Average

DJIA, +0.26%

has gained 13%.

Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.