General Electric, General Mills Slide into Wednesday’s 52-Week Low Club
General Electric, General Mills, Weatherford International, and Comcast all posted new 52-week lows Wednesday.
March 21, 2018: Here are four stocks trading with heavy volume among 83 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 3 to 2 and on the Nasdaq, advancers led decliners by about 9 to 5.
General Electric Co. (NYSE: GE) traded down about 0.5% Wednesday and posted a new 52-week low of $13.57 after closing Tuesday at $13.64. The stock’s 52-week high is $30.54. Volume was around 50 million, about 40% below the daily average. The company had no specific news. The stock has changed direction and is headed for a gain of nearly 2% on the day.
Weatherford International plc (NYSE: WFT) fell about 4% Wednesday to post a new 52-week low of $2.38 after closing at $2.48 on Tuesday. The 52-week high is $6.86. Volume of around 26 million was about 15% above the daily average. The company had no specific news.
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General Mills Inc. (NYSE: GIS) dropped more than 10% Wednesday to post a new 52-week low of $44.79. Shares closed at $49.93 on Tuesday and the stock’s 52-week high is $60.69. Volume was more than five times the daily average of around 4.3 million shares. The company reported lackluster earnings along with weak guidance. A potent combination.
Comcast Corp. (NASDAQ: CMCSA) traded down about 0.3% Wednesday and posted a new 52-week low of $34.45 after closing Tuesday at $34.57. The stock’s 52-week high is $44.00. Volume was about 40% below the daily average of around 25.6 million shares. The company had no specific news.
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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.
