Investing
Comcast, General Electric Tumble into Thursday's 52-Week Low Club
Published:
Last Updated:
March 22, 2018: Here are four stocks trading with heavy volume among 106 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 4 to 1 and on the Nasdaq, decliners led advancers by about the same ratio.
General Electric Co. (NYSE: GE) traded down about 2.9% Thursday and posted a new 52-week low of $13.48 after closing Wednesday at $13.88. The stock’s 52-week high is $30.54. Volume was around 47 million, nearly 50% below the daily average. The company had no specific news.
Comcast Corp. (NASDAQ: CMCSA) traded down about 3.2% Thursday and posted a new 52-week low of $33.38 after closing Wednesday at $34.49. The stock’s 52-week high is $44.00. Volume was about 90% higher than the daily average of around 25.4 million shares. A UBS analyst raised his estimate of the company’s subscriber losses to 400,000 for this year and cut his price target from $49 to $47.
Eldorado Gold Corp. (NYSE: EGO) fell more than 10% Thursday to post a new 52-week low of $0.93 after closing at $1.04 on Wednesday. The 52-week high is $3.78. Volume of around 20 million was about double the daily average. The company posted weak fourth-quarter and full-year 2017 results last night.
Deutsche Bank AG (NYSE: DB) dropped about 4.2% Thursday to post a new 52-week low of $14.17. Shares closed at $14.79 on Wednesday and the stock’s 52-week high is $20.23. Volume was more than double the daily average of around 4.7 million shares. The bank took its punishment as a result of rising interbank (LIBOR) overnight lending rate.
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.