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General Electric, Ford Slide into Tuesday’s 52-Week Low Club

General Electric, Ford, Chesapeake Energy, and Weatherford International all posted new 52-week lows Tuesday. A total of 444 new lows were pegged today.

By Paul Ausick
Published February 6, 2018, 4:04pm ET · 2 min read

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February 6, 2018: Here are four stocks trading with heavy volume among 444 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by about 11 to 4 and on the Nasdaq, advancers led decliners by nearly 2 to 1.

General Electric Co. (NYSE: GE) fell about 1.3% Tuesday to post a new 52-week low of $14.71 after closing at $14.91 on Monday. The 52-week high is $30.59. Volume of about more than 100 million was 15% above the daily average. The company had no specific news and appears to be headed for positive close at around $15.25.

Ford Motor Co. (NYSE: F) traded down about 0.5% Tuesday and posted a new 52-week low of $10.19 after closing Monday at $10.24. The stock’s 52-week high is $13.48. Volume was around 77 million, nearly 95% above the daily average of about 41 million shares. The company had no specific news and shares are poised to close up around 5% for the day.

Chesapeake Energy Corp. (NYSE: CHK) dropped about 3.6% Tuesday to post  a new 52-week low of $2.98 after closing at $3.09 on Monday. The stock’s 52-week high is $6.65. Volume was around 38 million, about 25% below the daily average of around 28.8 million. The company had no specific news and its stock looks headed for a gain around 2.5% Tuesday.

Weatherford International plc (NYSE: WFT) traded down about 3.2% Tuesday and posted a new 52-week low of $2.99 after closing Monday at $3.09. The stock’s 52-week high is $7.09 Volume was around 28 million, about 25% above the daily average of around 22.5 million shares. The company had no specific news and the stock turned around and looks for gain of about 3% at the closing bell.

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Paul Ausick

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.

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