Pandora, General Electric Lodged in Monday’s 52-Week Low Club

January 22, 2018 by Paul Ausick

January 22, 2018: Here are four stocks trading with heavy volume among 34 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 3 to 2 and on the Nasdaq, advancers led decliners by about 4 to 3.

General Electric Co. (NYSE: GE) traded down about 2.8% Monday and posted a new 52-week low of $15.80 after closing Friday at $16.26. The 52-week high is $30.59. Volume was over 107 million, about 15% above the daily average of 89 million shares. The company had no specific news, but Q4 results are due Wednesday and investors fear a further cut to the company’s 2018 outlook.

Pandora Media Inc. (NYSE: P) dropped about 6.4% Monday to post a new 52-week low of $4.09 after closing at $4.37 on Friday. The stock’s 52-week high is $13.72. Volume was about 12 million, about 10% above the daily average of around 11 million. The music streaming company had no specific news.

The Southern Company (NYSE: SO) dropped about 0.7% Monday to post a 52-week low of $44.12 after closing at $44.44 on Friday. The 52-week high is $53.51. Volume was around 5 million, about 20% less than the daily average. The company had no specific news.

Sanmina Corp. (NASDAQ: SANM) tumbled nearly 24% Monday to post a new 52-week low of $26.65 after closing at $34.95 on Friday. The 52-week high is $42.95. Volume of about 4.3 million was roughly six times the daily average of around 750,000 shares traded. The company cut its fourth-quarter outlook after markets closed Friday.

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.