The Motley Fool explains why General Electric’s stock rose in the first half of 2021. According to statistics from S&P Global Market Intelligence, shares of General Electric (NYSE: GE) rose 24.6 percent in the first half of the year, as investors warmed up to the company’s long-term turnaround strategy. Due to a succession of market-beating acquisitions and out-of-control debt, long-term General Electric shareholders have suffered a lost decade, with the company’s shares down as much as 80% from its turn-of-the-century heyday. GE has gone through a number of CEOs and turnaround plans in recent years before landing on Larry Culp in 2018, but it appears that Culp’s efforts are now starting to bear fruit./n
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