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