General Electric Co. (GE) opened trading on Monday, Feb. 5, at its lowest level in seven years.
GE shares opened down 1% to $15.46 on Monday. At last check, the stock was trading at $15.55.
Over the past five sessions, the Action Alerts Plus holding has declined 2.78%. Over the past 12 months, GE has fallen more than 45% amid speculation about restructuring, changes in its C-suite and the divestiture of money-losing properties.
GE's chart shows a dropoff that started in December 2016 and has gained steam over the past 13 months.
A Deutsche Bank analyst speculated last week that the industrial conglomerate was "likely" to be dropped from the blue-chip stock index.
"We believe the chances that GE could be removed from the Dow are increasing as GE continues to face substantial challenges including earnings and cash pressure, tough global power generation markets, aggressive downsizing, shrinking its portfolio, management shake-up and SEC investigations," Deutsche Bank analyst John Inch wrote in a Jan. 31 research note. "Apart from GE's other challenges, as the company's absolute share price has continued to drop, GE increasingly falls into the category of outlier and consequently a likely candidate for removal."