General Electric shares were lower early Wednesday, a day after news that the industrial conglomerate would be replaced on the Dow Jones industrial average by Walgreens Boots Alliance.
Shares of GE, which has been in the blue-chip benchmark continuously since November 1907, fell more than 2 percent in premarket trading Wednesday to around $12.70 per share. The stock closed at $12.95 on Tuesday.
GE, with a market cap of more than $112 billion, has seen its shares fall more than 55 percent over the past year, on investors’ concern about the value of GE’s businesses declining.
