Investing
AT&T, Bank of America Slide into Thursday's 52-Week Low Club
Published:
Last Updated:
December 20, 2018: Here are four stocks trading with heavy volume among 1,534 equities making new 52-week lows Thursday. On the NYSE, decliners led advancers by about 3.5 to 1 and decliners led advancers on the Nasdaq by about 2.63 to 1.
The three major indexes are on track close the day with losses in the neighborhood of 1.5% to 2%. Crude oil traded down about 4.8% on the day to settle at $45.88 a barrel. February crude futures today became the front-month contract. Gold settled up 0.9% at $1,267.90.
Bank of America Corp. (NYSE: BAC) traded down about 1.7% to post a new 52-week low of $23.76 Thursday after closing at $24.18 on Wednesday. The stock’s 52-week high is $33.05. Volume was about 15% higher than the daily average of around 71 million. The big bank had no specific news.
AT&T Inc. (NYSE: T) traded down about 5.4% to post a new 52-week low of $28.19 Thursday after closing at $29.82 on Wednesday. The stock’s 52-week high is $39.33 and volume was about 50% above the daily average of around 40 million. The company had no specific news today.
Chesapeake Energy Corp. (NYSE: CHK) dropped about 10% Thursday to set a new 52-week low of $1.82. Shares closed at $2.02 on Wednesday and the stock’s 52-week high is $5.60. Volume was about 60% higher than the daily average of around 33.8 million. The once high-flying oil and gas producer is drifting into nowhere land on a boatload of debt, but that’s been the case for a few years now. There was no specific news today.
Micron Technology Inc. (NASDAQ: MU) traded down about 1.8% Thursday and posted a new 52-week low of $30.86 after closing Wednesday at $31.41. The stock’s 52-week high is $64.66. Volume was about double the daily average of around 34 million. The chipmaker reported less-than-fabulous quarterly numbers Wednesday night. The stock reversed course during the trading session and may close the session with a modest gain.
24/7 Wall St.Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide 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.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.