Chesapeake Energy, General Electric Amble into Monday’s 52-Week Low Club

August 21, 2017 by Paul Ausick

August 21, 2017: Here are four stocks trading with heavy volume among 237 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 15 to 3 and on the Nasdaq decliners led advancers by about 16 to 13.

Vipshop Holdings Ltd. (NYSE: VIPS) dropped about 7.2% Monday to post a new 52-week low of $9.15 after closing at $9.86 on Friday. The stock’s 52-week high is $16.24. Volume of more than 21 million was about 3 times the daily average of about 36.6 million. The company had no specific news, but continues to reel from last week’s disappointing earnings.

Chesapeake Energy Corp. (NYSE: CHK) posted a new 52-week low of $3.76 on Monday, down about 5% from Friday’s closing price of $3.96. The stock’s 52-week high is $8.20. Volume totaled around 21 million shares, about 40% below the daily average of around 35 million. The company had no specific news.

General Electric Co. (NYSE: GE) dropped about 1% Monday to post a new 52-week low of $24.32 after closing Friday at $24.55. The 52-week high is $32.38. Volume of around 20 million shares traded was about 50% below the daily average of around 38 million. The industrial giant had no specific news Monday.

Foot Locker Inc. (NYSE: FL) dropped about 7.5% Monday to register a new 52-week low of $31.79 after closing at $34.38 on Friday. The 52-week high is $79.43. Volume was around 20 million, about 5 times the daily average. The company reported poor results Friday morning and investors have not finished administering punishment.

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? 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 guide you through the financial decisions you’re making. 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.