Investing
General Electric, Sprint Crash into Thursday's 52-Week Low Club
Published:
Last Updated:
January 18, 2018: Here are four stocks trading with heavy volume among 70 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 11 to 4 and on the Nasdaq, decliners led advancers by about 9 to 5.
General Electric Co. (NYSE: GE) traded down about 3.2% Thursday and posted a new 52-week low of $16.80 after closing Wednesday at $17.35. The 52-week high is $31.34. Volume was over 139 million, more than double the daily average of around 87 million shares. The company had no specific news, but talk of a breakup is hurting the stock.
Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN) dropped abour 42% Thursday to post a new 52-week low of $0.64 after closing at $1.11 on Wednesday. The stock’s 52-week high is $6.93. Volume was nearly 11 million, about 30 times the daily average of around 370,000. The company said this morning that it plans to raise $12 million in a common stock plus warrant offering at $0.80 per unit. Existing shareholders hate this sort of thing.
Sprint Corp. (NYSE: S) dropped nearly 4.6% Thursday to post a 52-week low of $5.24 after closing at $5.49 on Wednesday. The 52-week high is $9.65. Volume was around 21 million, about 20% more than the daily average. The company this morning announced a partnership deal with cable operator Cox.
Symantec Corp. (NASDAQ: SYMC) fell about 6.8% Thursday to post a new 52-week low of $25.65 after closing at $27.52 on Wednesday. The 52-week high is $34.20. Volume of about 9.7 million was roughly 60% above the daily average of around 5.9 million. Analysts at Jefferies dropped their rating on the stock to Neutral and lowered the price target from $30 to $23.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
