Investing
Bank of America, Citigroup Tumble into Thursday's 52-Week Low Club
Published:
Last Updated:
December 6, 2018: Here are four stocks trading with heavy volume among 729 equities making new 52-week lows on Thursday. On the NYSE, decliners led advancers by about 1.67 to 1 and decliners also led advancers on the Nasdaq by about 1.63 to 1.
All three major indexes are on track to post losses of varying, and relatively small sizes today after a horrible start. Crude oil traded down about 2.7% on the day to settle at $51.49 a barrel. Gold settled up just $1.00 at $1,243.60.
Bank of America Corp. (NYSE: BAC) dropped about 4.8% Thursday to set a new 52-week low of $25.54. Shares closed at $26.84 on Wednesday and the stock’s 52-week high is $33.05. Volume was about 70% higher than the daily average of around 63 million. The financial services sector as a whole was beaten up badly Thursday as an inverted yield curve threatens.
General Electric Co. (NYSE: GE) traded down about 1.8% Thursday and posted a new 52-week low of $7.15 after closing Wednesday at $7.28. The stock’s 52-week high is $19.39. Volume was about 20% below the daily average of around 120 million. The company had no specific news, and shares have reversed direction to be on track for a small gain for the day.
Citigroup Inc. (NYSE: C) traded down about 6.2% at $58.37 Thursday after closing at $62.26 on Wednesday. The stock’s 52-week high is $80.70. Volume was nearly double the daily average of around 17 million. The big bank had no specific news Thursday.
Wells Fargo & Co. (NYSE: WFC) traded down about 3.4% at $50.02 Thursday after closing at $51.78 on Wednesday. The stock’s 52-week high is $66.31 and volume was about 50% higher than the daily average of around 21 million. The Federal Reserve rejected the bank’s reform plan, preventing Wells Fargo from increasing its assets.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
