GE Aerospace (GE) shares inched lower on March 12 after geopolitical tensions in the Middle East sent crude oil (CBK26) prices soaring past $100 a barrel again. As continued escalation between the U.S. and Iran undermined the company’s announcement of an expanded artificial intelligence (AI) partnership with Palantir (PLTR), its stock price moved below key moving averages, further accelerating bearish momentum.
Following the recent decline, GE stock is down about 11% versus its year-to-date high.
