Investing

General Electric, Pandora Fall into Friday's 52-Week Low Club

January 19, 2018: Here are four stocks trading with heavy volume among 64 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 2 to 1 and on the Nasdaq, advancers led decliners by about 7 to 3.

General Electric Co. (NYSE: GE) traded down about 4.5% Friday and posted a new 52-week low of $16.02 after closing Thursday at $16.77. The 52-week high is $30.90. Volume was over 180 million, more than double the daily average of 89 million shares. The company had no specific news.

Pandora Media Inc. (NYSE: P) dropped about 2.2% Friday to post a new 52-week low of $4.39 after closing at $4.49 on Thursday. The stock’s 52-week high is $13.72. Volume was about 6.1 million, about 40% below the daily average of around 11 million. The music streaming company had no specific news.

VEREIT Inc. (NYSE: VER) dropped nearly 0.7% Friday to post a 52-week low of $7.25 after closing at $7.30 on Thursday. The 52-week high is $9.12. Volume was around 5.7 million, about 35% less than the daily average. The company had no specific news, but shares have reversed course and are on track to post a daily gain.

Inphi Corp. (NYSE: IPHI) fell about 8.6% Friday to post a new 52-week low of $32.36 after closing at $35.40 on Thursday. The 52-week high is $51.78. Volume of about 3 million was roughly five times the daily average of around 680,000 shares traded. 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.