General Electric, Ford Dive into Monday's 52-Week Low Club

Investing

Published: August 13, 2018 4:04 pm

Last Updated: January 11, 2020 7:27 pm

August 13, 2018: Here are four stocks trading with heavy volume among 202 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 1.93 to 1, and on the Nasdaq, decliners led advancers by about 1.88 to 1.

General Electric Co. (NYSE: GE) traded down nearly 3% Monday to set a new 52-week low of $12.39. Shares closed at $12.77 on Friday, and the 52-week high is $25.55. Volume was about 20% below the daily average of around 64 million. The company said last Friday that it may sell its power-conversion business at a loss.

Ford Motor Co. (NYSE: F) traded down about 3.3% Monday to post a new 52-week low of $9.42 after closing Friday at $9.74. The stock’s 52-week high is $13.48. Volume was about 30% above the daily average of about 35 million shares. The company had no specific news.

Rite Aid Corp. (NYSE: RAD) traded down about 10% Monday and posted a new 52-week low of $1.33 after closing Friday at $1.48. The stock’s 52-week high is $2.80. Volume was nearly triple the daily average of around 13 million. The company had no specific news.

Orchids Paper Products Co. (NYSEAMERICAN: TIS) dropped more than 12% Monday to set a new 52-week low of $0.70. Shares closed at $0.80 on Friday and the stock’s 52-week high is $15.47. Volume totaled around 15 million, about 60 times the daily average of around 250,000. The company had no specific news. Shares have made a massive comeback and are on track to close at $2.47, up more than 200%.

24/7 Wall St.
Deutsche Bank Stays Bullish on Towers and Telecom: 4 Stocks to Buy Now

The Average American Is Losing Their Savings Every Day (Sponsor)

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.