Investing
Mattel, NXP Semiconductor Slide into Friday's 52-Week Low Club
Published:
Last Updated:
April 20, 2018: Here are four stocks trading with heavy volume among 97equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 2 to 1 and on the Nasdaq, decliners led advancers by about 9 to 5.
Mattel Inc. (NASDAQ: MAT) traded down 9% Friday to post a new 52-week low of $12.24 after closing Thursday at $13.45. The stock’s 52-week high is $24.08. Volume was more than three times the daily average of around 6.3 million shares. The company’s CEO was fired this morning and in the afternoon the estate of Mexican artist Frida Kahlo won an injunction preventing Mattel from continuing to sell a Kahlo-style Barbie doll. You can’t make this stuff up.
NXP Semiconductor NV (NASDAQ: NXPI) fell by about 3.7% Friday to post a new 52-week low of $103.19 after closing at $107.17 on Thursday. The 52-week high is $125.93. Volume of about 11.3 million was nearly triple the daily average of about 4.5 million. The company’s proposed merger with Qualcomm has hit a roadblock with Chinese regulators.
The Kraft Heinz Co. (NASDAQ: KHC) dropped about 3.6% Friday to post a new 52-week low of $57.56. Shares closed at $59.73 on Thursday and the stock’s 52-week high is $93.88. Volume was about 50% above the daily average of around 5.4 million shares. The company had no specific news Friday.
Bristol-Myers Squibb Co. (NYSE: BMY) traded down about 1.1% Friday and posted a new 52-week low of $51.02 after closing Thursday at $51.61. The stock’s 52-week high is $70.05. Volume totaled around 10 million, about 10% above the daily average. The company had no specific news.
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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.