General Electric, Genworth Financial Dip into Wednesday’s 52-Week Low Club
General Electric, Genworth Financial, GNC, and PPL Corp. all posted new 52-week lows Wednesday.
December 27, 2017: Here are four stocks trading with heavy volume among 32 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 8 to 7 and on the Nasdaq, advancers and decliners finished about even for the day.
General Electric Co. (NYSE: GE) dropped about 0.5% Wednesday to post a new 52-week low of $17.34 after closing at $17.73 on Tuesday. Volume was around 46 million about 40% below the daily average of around 77 million. The company has increased its stake in Swedish 3D printer firm Arcam AB.
Genworth Financial Inc. (NYSE: GNW) dropped about 0.2% Wednesday to post a new 52-week low of $3.11 after closing at $3.17 on Tuesday. The 52-week high is $4.23. Volume was around 4.3 million, slightly above the daily average of about 4.1 million. The company had no specific news.
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GNC Holdings Inc. (NYSE: GNC) slipped about 7.4% to post a new 52-week low of $3.50 Wednesday after closing at $3.78 on Tuesday. Volume of about 4.3 was about 30% above the daily average. The company had no specific news.
PPL Corp. (NYSE: PPL) posted a 52-week low of $30.74 after closing Tuesday at $30.76. The 52-week high is $40.20. Volume was about 3.2 million, about 25% below the daily average of around 4.5 million shares. The electric utility company had no specific news.
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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.
