August 24, 2015: Here are four stocks trading with heavy volume among the 1,267 equities making new 52-week lows today. Of the more than 1,200 stocks that posted new lows today, most hit the low-water mark within the first hour of trading this morning.
Bank of America Corp. (NYSE: BAC) dropped about 9.3% on Monday to post a new 52-week low at $14.60 after closing at $16.10 on Friday. The stock’s 52-week high is $18.48. Share volume was more than double the daily average of around 80 million. The recovered somewhat to trade ear $16 before trailing off to close around $15.20..
Apple Inc. (NASDAQ: AAPL) posted a new 52-week low on Monday. Shares dropped about 13% to a low of $92.00 from Friday’s closing price of $105.76. The stock’s 52-week high is $134.54. Volume totaled more than 140 million shares, about two and a half times above the daily average of around 50 million. Shares traded in the green for about 90 minutes this afternoon before trailing off toward a close that looks to be down about 3.5%.
Intel Corp. (NASDAQ: INTC) dropped about 6.4% on Monday to set a new 52-week low of $24.87 after closing at $26.56 on Friday. The stock’s 52-week high is $37.90. Share volume totaled around 68 million shares, about double the daily average of around 32 million. Like Apple, Intel was able to pop into the green this afternoon, but couldn’t stay there.
General Electric Co. (NYSE: GE) dropped about 21% on Monday to post a new 52-week low of $19.37 against a 52-week high of $28.68. The stock closed at $24.59 on Friday night. Volume was more than double the daily average of around 30 million shares traded. The company pulled back from the sharp drop quickly this morning, but still appears headed for a 4.4% loss on the day.
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