JC Penney, Ford Floundering in Friday's 52-Week Low Club

Investing

Published: September 28, 2018 4:04 pm

Last Updated: January 11, 2020 5:09 pm

September 28, 2018: Here are four stocks trading with heavy volume among 164 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 1.28 to 1, and on the Nasdaq, advancers led decliners by about 1.16 to 1.

Ford Motor Co. (NYSE: F) traded down about 1.5% Friday and posted a new 52-week low of $9.09 after closing Thursday at $9.23. The stock’s 52-week high is $13.48. Volume was about 40% below the daily average of around 39.9 million. The company had no specific news.

Snap Inc. (NYSE: SNAP) traded down about 4.5% Friday to set a new 52-week low of $8.40 after closing at $8.80 on Thursday. The stock’s 52-week high is $21.22. Volume was about 20% higher than the daily average of about 20.8 million. The company had no specific news.

J.C. Penney Co. Inc. (NYSE: JCP) traded down about 10.4% Friday to post a new 52-week low of $1.55 after closing Thursday at $1.73. The stock’s 52-week high is $4.75. Volume was 75% higher than the daily average of around 13 million shares. The company’s CFO has resigned, effective Monday.

Turquoise Hill Resources Ltd. (NYSE: TRQ) dropped about 1.4% Friday to set a new 52-week low of $2.10. Shares closed at $2.13 on Thursday and the stock’s 52-week high is $3.59. Volume was about triple the daily average of around 3.9 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

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.