General Electric, Starbucks Drop into Thursday's 52-Week Low Club

Investing

Published: June 21, 2018 4:04 pm

Last Updated: January 11, 2020 10:03 pm

June 21, 2018: Here are four stocks trading with heavy volume among 86 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 2.04 to 1 and on the Nasdaq, decliners led advancers by about 2.46 to 1.

General Electric Co. (NYSE: GE) traded down about 2% Thursday to post a new 52-week low of $12.61 after closing Wednesday at $12.88. The stock’s 52-week high is $27.83. Volume was about 15% below the daily average of around 68 million shares. Now that GE has been kicked out of the Dow industrials index, investors want to hear more about how the company could be broken up. Unless the company makes a satisfactory reply, the stock will take a hit after hit.

Starbucks Corp. (NASDAQ: SBUX) traded down about 3.6% Thursday and posted a new 52-week low of $50.36 after closing Wednesday at $52.22. The stock’s 52-week high is $61.94. Volume totaled about 25 million, approaching triple the daily average of around 9 million. The company said this Wednesday that it will close 150 stores, and make other changes.

Celldex Therapeutics Inc. (NASDAQ: CLDX) fell about 3.4% Thursday to post a new 52-week low of $0.56. Shares closed at $0.58 on Wednesday. The 52-week high is $3.26. Volume of around 3.5 million was about equal to the daily average. The company had no specific news.

General Dynamics Corp. (NYSE: GD) dropped about 2.1% Thursday to post a new 52-week low of $187.32. Shares closed at $191.40 on Wednesday and the stock’s 52-week high is $230.00. Volume was 25% higher than the daily average of around 1.6 million. The defense giant had no specific news.

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