Investing

PG&E, Tailored Brands Plunge into Monday's 52-Week Low Club

Geerati / Getty Images

January 14, 2019: Here are four stocks trading with heavy volume among 28 equities that posted new 52-week lows Monday. On the NYSE, decliners led advancers by about 1.38 to 1 and decliners led advancers on the Nasdaq by about 1.65 to 1.

The three major indexes are all on track to post modest losses below 1% in Monday’s trading session. Crude oil traded down about 2.1% on the day to settle at $50.51 a barrel. Gold settled up about 0.2% at $1,291.30 for the day.

PG&E Corp. (NYSE: PCG) traded down about 54% Monday and posted a new 52-week low of $8.19 after closing Friday at $17.59. The stock’s 52-week high is $49.42. Volume was about six times the daily average of around 13.5 million. The utility giant said that it plans to file for bankruptcy protection by the end of this month.

Tailored Brands Inc. (NYSE: TLRD) traded down nearly 19% to post a new 52-week low of $11.90 Monday after closing at $14.68 on Friday. The stock’s 52-week high is $35.94 and volume was more than double the daily average of around 1.7 million. The clothing retailer that owns Men’s Wearhouse and Jos A Banks stores, among other brands, lowered its fiscal 2018 earnings outlook this morning and investors lower its share price in response.

Grupo Televisa SAB (NYSE: TV) dropped about 0.9% Monday to set a new 52-week low of $12.19. Shares closed at $12.30 on Friday and the stock’s 52-week high is $21.41. Volume was around 50% higher than the daily average of about 1.8 million. The Spanish-language media company had no specific news. The stock reversed course after an early dip and now appears on track to rack up a 2.7% gain for the day.

Clearway Energy Inc. (NYSE: CWEN) traded down about 12% to post a new 52-week low of $14.28 Monday after closing at $16.24 on Friday. The stock’s 52-week high is $20.75. Volume was nearly four times the daily average of around 670,000. The renewable energy company had no specific news.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.