October 19, 2018: Here are four stocks trading with heavy volume among 370 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 1.05 to 1, and on the Nasdaq, decliners led advancers by about 2.06 to 1.
Ford Motor Co. (NYSE: F) traded down about 3.8% Friday to post a new 52-week low of $8.19 after closing Thursday at $8.51. The stock’s 52-week high is $13.48. Volume was about 15% above the daily average of around 43.4 million shares. The automaker’s stock price target was lowered at two brokerage houses despite a new marketing plan Ford is introducing.
eBay Inc. (NASDAQ: EBAY) traded down about 10% Friday to set a new 52-week low of $28.38 after closing at $31.55 on Thursday. The stock’s 52-week high is $46.99. Volume was more than three times the daily average of around 10million. The company was downgraded to Hold from Buy and the price target was cut to $35 from $43 at Stifel.
Yandex NV (NASDAQ: YNDX) traded down about 15.6% Friday and posted a new 52-week low of $24.90 after closing Thursday at $29.49. The stock’s 52-week high is $44.49. Volume was about 7 times the daily average of around 3.7 million. The Russian internet search giant is rumored to be in the sights of the country’s state-controlled Sberbank.
Rite Aid Corp. (NYSE: RAD) dropped about 6.7% Friday to set a new 52-week low of $0.99. Shares closed at $1.05 on Thursday and the stock’s 52-week high is $2.55. Volume was about 30% above the daily average of around 14.9 million. The company had no specific news.
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