General Electric, GNC Holdings Slink into Thursday's 52-Week Low Club
December 28, 2017: Here are four stocks trading with heavy volume among 36 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by about 3 to 2 and on the Nasdaq, advancers and decliners by slightly better than 3 to 2.
General Electric Co. (NYSE: GE) dropped about 0.7% Thursday to post a new 52-week low of $17.25 after closing at $17.38 on Wednesday. Volume was around 48 million about 40% below the daily average of around 77 million. The company had no specific news.
GNC Holdings Inc. (NYSE: GNC) slipped nearly 11% to post a new 52-week low of $3.13 Thursday after closing at $3.50 on Wednesday. Volume of about 6.6 was about double the daily average. The nutritional supplement company had no specific news.
AirMedia Group Inc. (NASDAQ: AMCN) posted a 52-week low of $1.04 after closing down 23% on Wednesday at $1.35. The 52-week high is $3.30. Volume was about 4 million, nearly 20 times the daily average of around 230,000 million shares. The Chinese outdoor advertising company said yesterday that it is terminating a potential go-private transaction.
Genworth Financial Inc. (NYSE: GNW) dropped about 1% Thursday to match a 52-week low of $3.11 after closing at $3.14 on Wednesday. The 52-week high is $4.23. Volume was around 3.2 million, around 20% below the daily average of about 4.1 million. The company had no specific news.