General Electric, Weatherford Dive into Monday’s 52-Week Low Club
General Electric, Weatherford Intertational, Comcast, and Eldorado Gold all posted new 52-week lows Monday.
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March 26, 2018: Here are four stocks trading with heavy volume among 201 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 4 to 1 and on the Nasdaq, advancers led decliners by about 7 to 3.
General Electric Co. (NYSE: GE) traded down about 1.8% Monday and posted a new 52-week low of $12.73 after closing Friday at $13.07. The stock’s 52-week high is $30.54. Volume reached more than 91 million, about equal to the daily average. The company was Monday’s only loser among the Dow 30 stocks.
Weatherford International plc (NYSE: WFT) traded down about 8.4% Monday and posted a new 52-week low of $2.19 after closing Friday at $2.39. The stock’s 52-week high is $6.86. Volume was about 20% above the daily average of around 23 million shares. The company had no specific news.
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Comcast Corp. (NASDAQ: CMCSA) fell by about 1.3% Monday to post a new 52-week low of $32.74 after closing at $33.17 on Friday. The 52-week high is $44.00. Volume of around 29 million was about 10% above the daily average. The company had no specific news Monday.
Eldorado Gold Corp. NYSE: EGO) dropped about 5.6% Monday to post a new 52-week low of $0.85. Shares closed at $0.90 on Friday and the stock’s 52-week high is $3.78. Volume was about 40% higher than the daily average of around 10.3 million shares. The company had no specific news Monday.
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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.
