Investing

General Electric, LendingClub Fall into Monday's 52-Week Low Club

November 13, 2017: Here are four stocks trading with heavy volume among 146 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by around 8 to 7 and on the Nasdaq, decliners and advancers closed roughly even.

General Electric Co. (NYSE: GE) dropped about 8.5% Monday to post a new 52-week low of $18.75 after closing at $20.49 on Friday. The 52-week high is $32.38. Volume was a whopping 213 million, nearly four times the daily average of around 58.5 million. The industrial giant cut its dividend in half this morning and followed up with the CEO’s new strategy to sell assets and focus on a few segments where the company performs well. Investors were not amused.

Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) dropped more than 10% Monday to post a new 52-week low of $2.44 after closing at $2.72 on Friday. The 52-week high is $7.15. Volume was around 21 million, about four times the daily average of around 5.5 million. The company priced a secondary offering of 21.7 million shares and an identical number of warrants at $2.58 per unit this morning.

LendingClub Corp. (NYSE: LC) dropped about 3.3% Monday to post a new 52-week low of $4.16 after closing at $4.30 on Friday. The stock’s 52-week high is $6.78. Volume of around 10 million was about 45% above the daily average. The company had no specific news.

Newell Brands Inc. (NYSE: NWL) dropped about 4% Monday to post a new 52-week low of $28.11 after closing at $29.30 on Friday. The 52-week high is $46.17. Volume was around 10.5 million, about 40% higher than the daily average of about 6.3 million. The company had no specific news.

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

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