General Electric, Pandora Fall into Friday's 52-Week Low Club
January 19, 2018: Here are four stocks trading with heavy volume among 64 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 2 to 1 and on the Nasdaq, advancers led decliners by about 7 to 3.
General Electric Co. (NYSE: GE) traded down about 4.5% Friday and posted a new 52-week low of $16.02 after closing Thursday at $16.77. The 52-week high is $30.90. Volume was over 180 million, more than double the daily average of 89 million shares. The company had no specific news.
Pandora Media Inc. (NYSE: P) dropped about 2.2% Friday to post a new 52-week low of $4.39 after closing at $4.49 on Thursday. The stock’s 52-week high is $13.72. Volume was about 6.1 million, about 40% below the daily average of around 11 million. The music streaming company had no specific news.
VEREIT Inc. (NYSE: VER) dropped nearly 0.7% Friday to post a 52-week low of $7.25 after closing at $7.30 on Thursday. The 52-week high is $9.12. Volume was around 5.7 million, about 35% less than the daily average. The company had no specific news, but shares have reversed course and are on track to post a daily gain.
Inphi Corp. (NYSE: IPHI) fell about 8.6% Friday to post a new 52-week low of $32.36 after closing at $35.40 on Thursday. The 52-week high is $51.78. Volume of about 3 million was roughly five times the daily average of around 680,000 shares traded. The company had no specific news.