Geron, Ford Tumble into Thursday's 52-Week Low Club

Investing

Published: September 27, 2018 4:04 pm

Last Updated: January 11, 2020 5:12 pm

September 27, 2018: Here are four stocks trading with heavy volume among 134 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by about 1.25 to 1, and on the Nasdaq, decliners led advancers by about 1.03 to 1.

Geron Corp. (NASDAQ: GERN) traded down about 76% Thursday to set a new 52-week low of $1.50 after closing at $6.23 on Wednesday. The stock’s 52-week high is $6.99. Volume was more than 12 times the daily average of about 6.2 million. The company’s partnership with Johnson & Johnson to develop a new cancer drug was ended today.

Bed, Bath & Beyond Inc. (NASDAQ: BBBY) traded down about 25% Thursday to post a new 52-week low of $14.16 after closing Wednesday at $18.81. The stock’s 52-week high is $24.74. Volume was more than 15 times the daily average of around 3.5 million shares. The company reported weak earnings and offered a lower forecast.

Ford Motor Co. (NYSE: F) traded down about 0.7% Thursday and posted a new 52-week low of $9.20 after closing Wednesday at $9.27. The stock’s 52-week high is $13.48. Volume was about 25% below the daily average of around 39.7 million. The company had no specific news.

Conagra Brands Inc. (NYSE: CAG) dropped about 9% Thursday to set a new 52-week low of $32.81. Shares closed at $36.06 on Wednesday and the stock’s 52-week high is $39.43. Volume was nearly triple the daily average of around 5.3 million. The company missed expectations when it reported quarterly results this morning.

ALSO READ: Merrill Lynch Says Buy These 5 Out-of-Favor Tech Stocks Now

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.