Investing
Wells Fargo, General Electric Slide into Tuesday's 52-Week Low Club
Published:
Last Updated:
December 11, 2018: Here are four stocks trading with heavy volume among 449 equities making new 52-week lows on Tuesday. On the NYSE, advancers led decliners by about 1.29 to 1 and advancers led decliners on the Nasdaq by about 1.08 to 1.
All three major indexes are on track close the day up less than 1%. Crude oil traded up about 1.3% on the day to settle at $51.65 a barrel. Gold settled down 0.2% at $1,247.20.
General Electric Co. (NYSE: GE) traded down about 3.9% Tuesday and posted a new 52-week low of $6.66 after closing Monday at $6.93. The stock’s 52-week high is $19.39. Volume was about 20% lower than the daily average of around 123 million. The company had no specific news.
Weatherford International plc (NYSE: WFT) dropped about 6.5% Tuesday to set a new 52-week low of $0.43. Shares closed at $0.46 on Monday and the stock’s 52-week high is $4.41. Volume was about 60% higher than the daily average of around 24 million. The oilfield services company had no specific news.
Lloyds Banking Group plc (NYSE: LYG) traded down nearly 4.9% to post a new 52-week low of $2.51 Tuesday after closing at $2.64 on Monday. The stock’s 52-week high is $2.64 and volume was about three times the daily average of around 10.4 million. The London-based bank had no specific news, but then, with Brexit, none is needed.
Wells Fargo & Co. (NYSE: WFC) traded down about 2.6% at $47.54 Tuesday after closing at $48.80 on Monday. The stock’s 52-week high is $66.31. Volume was slightly roughly equal to the daily average of around 22 million. The big bank had no specific news.
24/7 Wall St.Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
