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Updated · MarketWatch · May 7GE Vernova stock slides 6.55%, snapping three-day winning streak
9 articles · Updated · MarketWatch · May 7
- Shares closed at $1,045.63 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
- The decline left GE Vernova 11.53% below its 52-week high of $1,181.95, reached on 23 April.
- Trading volume was about 2.6 million shares, roughly 11,679 below the stock's 50-day average, in a broadly weak market session.
With its stock soaring on AI hype, can GE Vernova overcome its high valuation and lagging wind division? Is GE Vernova's gas-powered solution for the AI boom a necessary bridge or a roadblock for climate goals?