General Electric, Under Armour Plunge into Tuesday's 52-Week Low Club
October 31, 2017: Here are four stocks trading with heavy volume among 107 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 8 to 5 and on the Nasdaq advancers led decliners by about 2 to 1.
AK Steel Holding Corp. (NYSE: AKS) dropped almost 22% Tuesday to post a new 52-week low of $4.58 after closing at $5.85 on Monday. The stock’s 52-week high is $11.39. Volume of around 85 million was about six times the daily average. The steelmaker reported worse-than-expected results this morning.
General Electric Co. (NYSE: GE) dropped about 1.3% Tuesday to post a new 52-week low of $20.05 after closing at $20.41 on Monday. The 52-week high is $32.38. Volume was around 76 million, almost 50% above the daily average of about 52 million. The company had no specific but posted its seventh consecutive 52-week low regardless.
Under Armour Inc. (NYSE: UAA) posted a new 52-week low of $12.76 on Tuesday, down about 22% from Monday’s closing price of $16.41. The stock’s 52-week high is $33.45. Volume totaled around 35 million shares, more than eight times the daily average. The company reported weak third-quarter results and slashed its outlook.
Eldorado Gold Corp. (NYSE: EGO) dropped more than 10% Tuesday to post a new 52-week low of $1.22 after closing at $1.36 on Monday. The 52-week high is $3.91. Volume was around 20 million, almost triple the daily average of around 7 million. The gold mining company had no specific news Tuesday.