August 17, 2018: Here are four stocks trading with heavy volume among 110 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 2.45 to 1, and on the Nasdaq, advancers led decliners by about 1.45 to 1.
J.C. Penney Co. Inc. (NYSE: JCP) traded down about 9% Friday to set a new 52-week low of $1.60. Shares closed at $1.76 on Thursday, and the 52-week high is $4.75. Volume was about two and a half times the daily average of around 17 million. The company cut guidance Thursday morning and the firm’s credit took a downgrade this morning from Moody’s. Shares turned around in the morning and are on track to close the day with a gain of more than 2%.
Applied Materials Inc. (NASDAQ: AMAT) traded down more than 10% Friday to post a new 52-week low of $42.62 after closing Thursday at $47.43. The stock’s 52-week high is $62.40. Volume was approaching three times the daily average of about 12.7 million shares. The company had no specific news, but chip stocks were not among Friday’s favorite plays.
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JD.com Inc. (NASDAQ: JD) traded down about 2.8% Friday and posted a new 52-week low of $31.07 after closing Thursday at $31.97. The stock’s 52-week high is $50.68. Volume was about 10% higher than the daily average of around 15 million. The company had no specific news. Shares are on their way to closing up about 1% for the day.
Newmont Mining Corp. (NYSE: NEM) dropped about 0.5% Friday to set a new 52-week low of $31.45. Shares closed at $31.60 on Thursday and the stock’s 52-week high is $42.04. Volume totaled around 6.7 million, about 50% above the daily average. The company had no specific news.
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