General Electric, General Mills Slide into Wednesday's 52-Week Low Club

Investing

Published: March 21, 2018 4:04 pm

Last Updated: January 12, 2020 2:12 am

March 21, 2018: Here are four stocks trading with heavy volume among 83 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 3 to 2 and on the Nasdaq, advancers led decliners by about 9 to 5.

General Electric Co. (NYSE: GE) traded down about 0.5% Wednesday and posted a new 52-week low of $13.57 after closing Tuesday at $13.64. The stock’s 52-week high is $30.54. Volume was around 50 million, about 40% below the daily average. The company had no specific news. The stock has changed direction and is headed for a gain of nearly 2% on the day.

Weatherford International plc (NYSE: WFT) fell about 4% Wednesday to post a new 52-week low of $2.38 after closing at $2.48 on Tuesday. The 52-week high is $6.86. Volume of around 26 million was about 15% above the daily average. The company had no specific news.

General Mills Inc. (NYSE: GIS) dropped more than 10% Wednesday to post a new 52-week low of $44.79. Shares closed at $49.93 on Tuesday and the stock’s 52-week high is $60.69. Volume was more than five times the daily average of around 4.3 million shares. The company reported lackluster earnings along with weak guidance. A potent combination.

Comcast Corp. (NASDAQ: CMCSA) traded down about 0.3% Wednesday and posted a new 52-week low of $34.45 after closing Tuesday at $34.57. The stock’s 52-week high is $44.00. Volume was about 40% below the daily average of around 25.6 million shares. The company had no specific news.

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