Investing

General Electric, LendingClub Fall into Monday's 52-Week Low Club

November 13, 2017: Here are four stocks trading with heavy volume among 146 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by around 8 to 7 and on the Nasdaq, decliners and advancers closed roughly even.

General Electric Co. (NYSE: GE) dropped about 8.5% Monday to post a new 52-week low of $18.75 after closing at $20.49 on Friday. The 52-week high is $32.38. Volume was a whopping 213 million, nearly four times the daily average of around 58.5 million. The industrial giant cut its dividend in half this morning and followed up with the CEO’s new strategy to sell assets and focus on a few segments where the company performs well. Investors were not amused.

Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) dropped more than 10% Monday to post a new 52-week low of $2.44 after closing at $2.72 on Friday. The 52-week high is $7.15. Volume was around 21 million, about four times the daily average of around 5.5 million. The company priced a secondary offering of 21.7 million shares and an identical number of warrants at $2.58 per unit this morning.

LendingClub Corp. (NYSE: LC) dropped about 3.3% Monday to post a new 52-week low of $4.16 after closing at $4.30 on Friday. The stock’s 52-week high is $6.78. Volume of around 10 million was about 45% above the daily average. The company had no specific news.

Newell Brands Inc. (NYSE: NWL) dropped about 4% Monday to post a new 52-week low of $28.11 after closing at $29.30 on Friday. The 52-week high is $46.17. Volume was around 10.5 million, about 40% higher than the daily average of about 6.3 million. The company had no specific news.

Sponsored: Tips for Investing

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.