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GE Stock Climbs As Citigroup Cites “Significant” Recovery

GE Stock

General Electric (NYSE:GE) shares are up 5.6% today after Citigroup analysts claimed GE stock recovery “could be more significant” than investors realize.

GE stock has been sliding for quite a while due to poor financial management and tanked 11% last month after a report by prominent fraud investigator Harry Markopolos claimed that the company had misled investors and that its cash and debt positions were significantly worse than the company had disclosed. Markopolos’s report argued that GE’s debt to equity ratio was actually 17:1, a substantial difference from the 3:1 figure that the company had claimed. ...

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