General Electric, Synergy Pharma Stuck Again in Tuesday’s 52-Week Low Club

November 14, 2017 by Paul Ausick

November 14, 2017: Here are four stocks trading with heavy volume among 170 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 3 to 2 and on the Nasdaq, decliners and advancers by less than 4 to 3.

General Electric Co. (NYSE: GE) dropped about 8.2% Tuesday to post a new 52-week low of $17.46 after closing at $19.02 on Monday. The 52-week high is $32.38. Volume was a massive 270 million, more than four times the daily average of around 61.6 million. The industrial giant continues to pay for Monday’s dividend cut and a new strategy that has few believers.

Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) dropped more than 17% Tuesday to post a new 52-week low of $2.02 after closing at $2.44 on Monday. The 52-week high is $7.15. Volume was around 21 million, nearlyt four times the daily average of around 5.7 million. The company priced a secondary offering of 21.7 million shares and an identical number of warrants at $2.58 per unit Monday morning.

CenturyLink Ink. (NYSE: CTL) dropped about 6.7% Tuesday to post a new 52-week low of $14.31 after closing at $15.33 on Monday. The stock’s 52-week high is $27.61. Volume of around 17 million was about 25% above the daily average. The telecom company had no specific news.

Opko Health Inc. (NASDAQ: OPK) dropped about 13.5% Tuesday to post a new 52-week low of $4.55 after closing at $5.26 on Monday. The 52-week high is $12.15. Volume was around 17 million, almost 4 times the daily average of about 4.6 million. The company had no specific news.

No Commission Fees, No Minimums, No Velvet Ropes. (Sponsored)

Robinhood revolutionized commission free investing, and it continues to do so today. With a few simple taps you can trade stocks like Nvidia and Amazon, market beating mutual funds, and trade options with Robinhood Financial. FDIC insurance coverage is just another benefit.

And, you can buy and sell cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) with Robinhood Crypto.

Sign up today — click here to start your journey.