Investing

General Electric, Transocean Plunge into Wednesday's 52-Week Low Club

August 16, 2017: Here are four stocks trading with heavy volume among 186 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq advancers led decliners by about 15 to 13.

General Electric Co. (NYSE: GE) dropped about 0.4% Wednesday to post a new 52-week low of $25.05 after closing Tuesday at $25.14. The 52-week high is $32.38. Volume of around 22 million shares traded was about 45% below the daily average of around 39 million. Warren Buffett dropped the stock from his Berkshire Hathaway portfolio.

Transocean Ltd. (NYSE: RIG) dropped about 5.4% Wednesday to post a new 52-week low of $7.48 after closing at $7.91 on Tuesday. The stock’s 52-week high is $16.66. Volume of more than 20 million was about a third higher than the daily average of about 16 million. The company announced Tuesday that it had agreed to buy Norwegian firm Songa Offshore for $3.4 billion, including $2.3 billion in Songa’s debt. Investors don’t like the deal.

Whiting Petroleum Corp. (NYSE: WLL) dropped about 6.4% Wednesday to register a new 52-week low of $4.36 after closing at $4.66 on Tuesday. The 52-week high is $13.39. Volume was around 19 million, about 15% below the daily average. The company had no specific news.

Dick’s Sporting Goods Inc. (NYSE: DKS) posted a new 52-week low of $26.32 on Wednesday, down about 2% from Tuesday’s closing price of $26.87. The stock’s 52-week high is $62.88. Volume totaled more than 12 million shares, about 4 times the daily average of around 3.1 million. The company posted weak results Tuesday morning and investors are not finished administering punishment yet.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.