JC Penney, General Electric Topple Into Thursday’s 52-Week Low Club
General Electric, Rite Aid, J.C. Penney, and Teva all posted new 52-week lows with high volume on Thursday.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
October 12, 2017: Here are four stocks trading with heavy volume among 61 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by less than 8 to 7 and on the Nasdaq decliners led advancers by about 5 to 4.
General Electric Co. (NYSE: GE) dropped about 1% Thursday to post a new 52-week low of $22.83 after closing at $23.07 on Wednesday. The 52-week high is $32.38. Volume was around 72 million, about 75% above the daily average of about 41.6 million. The company had no specific news, but there is more chatter about a dividend cut.
Rite Aid Corp. (NYSE: RAD) dropped about 8.4% Thursday to post a new 52-week low of $1.63 after closing at $1.75 on Wednesday. The stock’s 52-week high is $8.77. Volume of around 68 million was more than double the daily average. The company had no specific news.
[nativounit]
J.C. Penney Co. Inc. (NYSE: JCP) posted a new 52-week low of $3.31 on Thursday, down about 4.9% from Wednesday’s closing price of $3.48. The stock’s 52-week high is $10.74. Volume totaled around 29 million shares, nearly double the daily average. The company had no specific news, but a poor earnings report from J.Jill hit retail stocks hard today.
Teva Pharmaceutical Industries Inc. (NYSE: TEVA) dropped about 4.6% Thursday to post a new 52-week low of $15.03 after closing at $44.64 on Wednesday. The 52-week high is $44.64. Volume was around 26 million, about 10% above the daily average. The company had no specific news.
[recirclink id=417856]
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.