Investing
General Electric, Rite Aid Plunge into Monday's 52-Week Low Club
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September 24, 2018: Here are four stocks trading with heavy volume among 69 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 2.08 to 1, and on the Nasdaq, decliners led advancers by about 1.57 to 1.
General Electric Co. (NYSE: GE) traded down about 4.7% Monday to set a new 52-week low of $11.60 after closing at $12.17 on Friday. The stock’s 52-week high is $25.21. Volume was around double the daily average of about 57 million. The company had no specific news, but lingering issues with its massive power turbines have spooked investors.
JD.com Inc. (NASDAQ: JD) traded down nearly 8% Monday to post a new 52-week low of $24.38 after closing Friday at $26.49. The stock’s 52-week high is $50.68. Volume was about 60% above the daily average of around 17.4 million shares. The company’s price target was lowered to $41 by an analyst at MKM Partners.
Rite Aid Corp. (NYSE: RAD) traded down about 1.6% Monday and posted a new 52-week low of $1.23 after closing Friday at $1.25. The stock’s 52-week high is $2.55. Volume was about 60% above the daily average of around 14.4 million. The company had no specific news.
Newell Brands Inc. (NYSE: NWL) dropped about 7.7% Monday to set a new 52-week low of $20.15. Shares closed at $21.84 on Friday and the stock’s 52-week high is $43.99. Volume was about 70% higher than the daily average of around 7.4 million. The company had no specific news.
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