Teva, General Electric Scoot into Thursday's 52-Week Low Club

Investing

Published: November 2, 2017 4:04 pm

Last Updated: January 12, 2020 6:41 am

November 2, 2017: Here are four stocks trading with heavy volume among 151 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers and decliners traded evenly and on the Nasdaq advancers led decliners by about 4 to 3.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) dropped more than 22% Thursday to post a new 52-week low of $10.85 after closing at $14.02 on Wednesday. The stock’s 52-week high is $43.46. Volume of around 108 million was nearly four times the daily average. The generic drug maker posted weak results and warned on profits — a double whammy for investors.

General Electric Co. (NYSE: GE) dropped about 1.9% Thursday to post a new 52-week low of $19.63 after closing at $20.02 on Wednesday. The 52-week high is $32.38. Volume was around 65 million, about 20% above the daily average of about 53 million. A ninth consecutive 52-week low, the company’s longest streak of bad news in nearly a decade.

Newell Brands Inc. (NYSE: NWL) posted a new 52-week low of $29.70 on Thursday, down more than 27% from Wednesday’s closing price of $41.00. The stock’s 52-week high is $55.08. Volume totaled around 42 million shares, approaching 10 times the daily average. The company missed estimates this morning and lowered guidance.

Oclaro Inc. (NASDAQ: OCLR) dropped about 26% Thursday to post a new 52-week low of $5.94 after closing at $8.02 on Wednesday. The 52-week high is $11.30. Volume was around 37 million, more than six times the daily average of around 27.5 million. Quarterly results were okay, but the outlook for revenues was decidely dim.

ALSO READ: Market Cap of 5 Largest US Companies Up 36% in Most Recent Year

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.