Investing
General Electric, Chesapeake Energy Slide into Thursday's 52-Week Low Club
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February 8, 2018: Here are four stocks trading with heavy volume among 203 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by more than 6 to 1 and on the Nasdaq, decliners led advancers by about 5 to 1.
General Electric Co. (NYSE: GE) fell about 4.1% Thursday to post a new 52-week low of $14.62 after closing at $15.25 on Wednesday. The 52-week high is $30.59. Volume of about 99 million was around 10% above the daily average. The company had no specific news.
Chesapeake Energy Corp. (NYSE: CHK) dropped 3.1% Thursday to match a 52-week low of $2.80 (set yesterday) after closing at $2.89 on Wednesday. The stock’s 52-week high is $6.65. Volume was around 29 million, about equal to the daily average. The company had no specific news.
Weatherford International plc (NYSE: WFT) traded down about 10% Thursday and posted a new 52-week low of $2.63 after closing Wednesday at $2.93. The stock’s 52-week high is $7.09. Volume was around 43 million, about double the daily average. The company had no specific news.
Barrick Gold Corp. (NYSE: ABX) traded down nearly 2% Thursday and posted a new 52-week low of $13.13 after closing Wednesday at $13.39. The stock’s 52-week high is $20.78. Volume was around 12 million, about 20% higher than the daily average of about 10.4 million shares. The company said Wednesday that it will take a$429 million impairment charge on its Pascua-Lama mine located on the border between Argentina and Chile.
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