General Electric, General Motors Drop into Wednesday's 52-Week Low Club

Investing

Published: September 26, 2018 4:04 pm

Last Updated: January 11, 2020 5:16 pm

September 26, 2018: Here are four stocks trading with heavy volume among 112 equities making new 52-week lows in Wednesday’s session. On the NYSE decliners led advancers by about 1.66to 1, and on the Nasdaq, decliners led advancers by about 1.65 to 1.

General Electric Co. (NYSE: GE) traded down about 0.4% Wednesday to set a new 52-week low of $11.22 after closing at $11.27 on Tuesday. The stock’s 52-week high is $25.05. Volume was less than 10% above the daily average of about 60.6 million. The company had no specific news and is on its way to adding about 1.3% to its share price by the closing bell.

Turquoise Hill Resources Ltd. (NYSE: TRQ) traded down about 1.4% Wednesday to match a 52-week low of $2.11 after closing Tuesday at $2.14. The stock’s 52-week high is $3.59. Volume was more than four times the daily average of around 3.6 million shares. The company had no specific news. Shares are on track to post a gain of about 1.4%.

General Motors Co. (NYSE: GM) traded down about 0.6% Wednesday and posted a new 52-week low of $33.35 after closing Tuesday at $33.55. The stock’s 52-week high is $46.76 Volume was about equal to the daily average of around 11 million. The company said that it plans to return headquarters operations from New York to Detroit. Shares reversed course and look to add about 0.8% today.

NXP Semiconductors NV (NASDAQ: NXPI) dropped about 2.5% Wednesday to set a new 52-week low of $84.36. Shares closed at $86.51 on Tuesday and the stock’s 52-week high is $125.93. Volume was about 15% lower than the daily average of around 8.1 million. The company had no specific news.

24/7 Wall St.
Merrill Lynch Says Buy These 5 Out-of-Favor Tech Stocks Now

Take Charge of Your Retirement In Just A Few Minutes (Sponsor)

Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.

Here’s how it works:

Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.

Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!