Chesapeake Energy, General Electric Slide into Thursday's 52-Week Low Club

Investing

Published: August 17, 2017 4:04 pm

Last Updated: January 12, 2020 9:02 am

August 17, 2017: Here are four stocks trading with heavy volume among 233 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by more than 6 to 1 and on the Nasdaq advancers led decliners by nearly 4 to 1.

Chesapeake Energy Corp. (NYSE: CHK) dropped about 4.3% Thursday to post a new 52-week low of $3.82 after closing at $4.00 on Wednesday. The stock’s 52-week high is $8.20. Volume of more than 27 million was about about 35% below the daily average of about 35 million. The company had no specific news.

General Electric Co. (NYSE: GE) dropped about 1.1% Thursday to post a new 52-week low of $24.82 after closing Wednesday at $25.10. The 52-week high is $32.38. Volume of around 23 million shares traded was about 45% below the daily average of around 39 million. Earlier this week, Warren Buffett dropped the stock from his Berkshire Hathaway portfolio.

L Brands Inc. (NYSE: LB) dropped more than 10% Thursday to register a new 52-week low of $35.00 after closing at $38.95 on Wednesday. The 52-week high is $79.67. Volume was around 21 million, more than 6 times the daily average. The company reported decent results this morning, but guidance got all the attention and it was not good.

CenturyLink Inc. (NYSE: CTL) posted a new 52-week low of $19.65 on Thursday, down about 5.9% from Wednesday’s closing price of $20.89. The stock’s 52-week high is $33.45. Volume totaled nearly 17 million shares, approaching double the daily average of around 9.7 million. The company had no specific news.

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