Investing
General Electric, Rite Aid Tumble into Monday's 52-Week Low Club
Published:
Last Updated:
October 9, 2017: Here are four stocks trading with heavy volume among 53 equities making new 52-week lows in Monday’s session. On the NYSE, decliners led advancers by about 4 to 3 and on the Nasdaq decliners led advancers by about 3 to 2.
General Electric Co. (NYSE: GE) dropped about 4.1% Monday to post a new 52-week low of $23.38 after closing at $24.39 on Friday. The 52-week high is $32.38. Volume was around 174 million, nearly 5 times above the daily average of about 39 million. The company replaced a board member this morning, following up on several top executives’ retirements announced Friday.
Rite Aid Corp. (NYSE: RAD) dropped about 4.1% Monday to post a new 52-week low of $1.88 after closing at $1.96 on Friday. The stock’s 52-week high is $8.77. Volume of around 58 million was more than double the daily average. The company had no specific news.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) dropped about 4.1% Monday to post a new 52-week low of $70.21 after closing at $73.20 on Friday. The 52-week high is $89.69. Volume was around 9.8 million, about 80% above the daily average. The company took a downgrade from Overweight to Equal-Weight from Morgan Stanley Friday morning and the fallout is still coming.
Viacom Inc. (NASDAQ: VIAB) posted a new 52-week low of $25.37 on Monday, down about 6.6% from Friday’s closing price of $27.15. The stock’s 52-week high is $46.72. Volume totaled around 7.4 million shares, about 30% higher than the daily average. The company had no specific new Monday.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
