Ford, Snap Stagger into Monday's 52-Week Low Club

Investing

Published: October 8, 2018 4:04 pm

Last Updated: January 11, 2020 4:44 pm

October 8, 2018: Here are four stocks trading with heavy volume among 237 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.05 to 1, and on the Nasdaq, decliners led advancers by about 1.36 to 1.

Ford Motor Co. (NYSE: F) traded down about 0.3% Monday to post a new 52-week low of $9.09 after closing Friday at $9.12. The stock’s 52-week high is $13.48. Volume was about 45% below the daily average of around 40.8 million shares. The company said over the weekend that it plans to reorganize its salaried workforce, i.e., slash jobs. Shares had regained all they lost and more to trade up about 1.2% as the closing bell approaches.

Snap Inc. (NYSE: SNAP) traded down about 6.6% Monday to set a new 52-week low of $7.26 after closing at $7.77 on Friday. The stock’s 52-week high is $21.22. Volume was a bit higher than the daily average of around 22.2 million. The company had no specific news.

Alibaba Group Holding Ltd. (NYSE: BABA) dropped about 4% Monday to set a new 52-week low of $148.36. Shares closed at $154.63 on Friday and the stock’s 52-week high is $211.70. Volume was about equal to the daily average of around 21.7 million. The company had no specific news, but Chinese equities had a hard day Monday following a week-long national holiday.

JD.com Inc. (NASDAQ: JD) traded down about 4% Monday and posted a new 52-week low of $22.65 after closing Friday at $23.62. The stock’s 52-week high is $50.68. Volume was about 10% below the daily average of around 18.4 million. The company had no specific news, but this week got off to a ragged start for Chinese stocks. Shares of JD.com have reversed course since the opening and are headed for a gain of about 1.6% for the day.

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