Snap, General Electric Lead Dive into Friday's 52-Week Low Club

Investing

Published: October 26, 2018 4:04 pm

Last Updated: January 11, 2020 3:47 pm

October 26, 2018: Here are four stocks trading with heavy volume among 651 equities making new 52-week lows on Friday. On the NYSE decliners lead advancers by about 2.16 to 1, and on the Nasdaq, decliners led advancers by about 1.93 to 1.

General Electric Co. (NYSE: GE) traded down about 5.3% Friday to post a new 52-week low of $11.17 after closing Thursday at $11.80. The stock’s 52-week high is $21.30. Volume was about 25% above the daily average of around 72 million shares. The company had no specific news.

Snap Inc. (NYSE: SNAP) traded down more than 17% Friday to set a new 52-week low of $5.77 after closing at $6.99 on Thursday. The stock’s 52-week high is $21.22. Volume was approaching three times the daily average of around 24 million. The messaging/camera firm is learning that the rule of the jungle is grow or die.

Flex Ltd. (NASDAQ: FLEX) traded down about 35% Friday and posted a new 52-week low of $7.08 after closing Thursday at $10.91. The stock’s 52-week high is $19.71. Volume was more than almost 15 times the daily average of around 5 million. The company reported results last night that missed revenue estimates and was light on outlook.

AT&T Inc. (NYSE: T) dropped about 3.5% Friday to set a new 52-week low of $28.92. Shares closed at $29.98 on Thursday and the stock’s 52-week high is $39.33. Volume was approaching double the daily average of around 34 million. The company had no specific news.