Investing
General Electric, CVS Health Slip into Friday's 52-Week Low Club
Published:
Last Updated:
March 23, 2018: Here are four stocks trading with heavy volume among 193 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by nearly 4 to 1 and on the Nasdaq, decliners led advancers by about the same ratio.
General Electric Co. (NYSE: GE) traded down about 1.9% Friday and posted a new 52-week low of $13.10 after closing Thursday at $13.35. The stock’s 52-week high is $30.54. Volume reached more than 61 million, about 30% below the daily average. The company had no specific news.
Forest City Realty Trust Inc. (NYSE: FCE-A) traded down about 9.5% Friday and posted a new 52-week low of $19.24 after closing Thursday at $27.27. The stock’s 52-week high is $26.30. Volume was about 10 times the daily average of around 1.5 million shares. The company responded to activist investor pressure by shaking up its board of directors rather than selling the company.
Office Depot Inc. (NASDAQ: ODP) fell by more than 5.5% Friday to post a new 52-week low of $2.03 after closing at $2.15 on Thursday. The 52-week high is $6.26. Volume of around 7.3 million was about 20% above the daily average. An activist investor wants the company is pressuring the company to spend $536 million on share buybacks over the next three years.
CVS Health Corp. (NYSE: CVS) dropped about 1.3% Friday to post a new 52-week low of $61.00. Shares closed at $61.79 on Thursday and the stock’s 52-week high is $84.00. Volume was about 40% lower than the daily average of around 8.6 million shares. The company had no specific news Friday.
24/7 Wall St.Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare 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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
