Shares of General Electric dropped below $13 in Monday trading.
The company’s stock fell as far as $12.86, the lowest level since July 2009. Pressure on GE has not let up this year, with the stock sliding more than 25 percent. A dismal 2017 saw company shares slide 42 percent.
In the midst of a restructuring effort, GE recently nominated three new directors, as it looks to downsize its board.
But this year GE revealed two ongoing federal investigations: the SEC investigation into GE’s accounting practices and the U.S. Justice Department investigation in connection with subprime mortgages.
GE is expected to announce a decision to break itself up as early as this spring, with a split likely, CNBC reported on Jan. 16.
Wall Street is eyeing GE’s individual businesses closely under “sum-of-the-parts” analysis. While some see unknown risks justifying a value between $12 and $16 per share, others see a more optimistic future for GE’s investors due to the history of past industrial conglomerate spin-offs.
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