Investing
General Electric, Bank of America Set Up Camp in Friday's 52-Week Low Club
Published:
Last Updated:
December 7, 2018: Here are four stocks trading with heavy volume among 367 equities making new 52-week lows on Friday. On the NYSE, decliners led advancers by about 2.45 to 1 and decliners also led advancers on the Nasdaq by about 2.87 to 1.
All three major indexes are on track to post losses of about 2.5% or more as investors go back to worrying about international trade. Crude oil traded up about 2.2% on the day (up 3.3% for the week) to settle at $52.61 a barrel. Gold settled up 0.7% at $1,252.60 (up 2.2% for the week).
Bank of America Corp. (NYSE: BAC) dropped about 3.7% Friday to set a new 52-week low of $25.30. Shares closed at $26.28 on Thursday and the stock’s 52-week high is $33.05. Volume was about 20% higher than the daily average of around 64.6 million. The big bank had no specific news Friday.
General Electric Co. (NYSE: GE) traded down about 4.4% Friday and posted a new 52-week low of $7.03 after closing Thursday at $7.35. The stock’s 52-week high is $19.39. Volume was about 40% higher than the daily average of around 121 million. The company’s board made official a $0.01 quarterly dividend that was first announced in October.
Akorn Inc. (NASDAQ: AKRX) traded down nearly 37% to post a new 52-week low of $3.54 Friday after closing at $5.59 on Thursday. The stock’s 52-week high is $33.63 and volume was about seven times the daily average of around 3.6 million. A U.S. appeals court upheld a decision allowing German firm Fresenius to walk away from its planned $4.8 billion takeover of Akorn.
Citigroup Inc. (NYSE: C) traded down about 3.2% at $58.14 Friday after closing at $60.06 on Thursday. The stock’s 52-week high is $80.70. Volume was slightly above the daily average of around 17.3 million. The big bank had no specific news.
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.