Investing
Comcast, Charter Communications Land in Friday's 52-Week Low Club
April 27, 2018 4:04 pm
Last Updated: January 12, 2020 12:21 am
April 27, 2018: Here are four stocks trading with heavy volume among 90 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by less than 3 to 2 and on the Nasdaq, advancers and decliners traded approximately equally.
Comcast Corp. (NASDAQ: CMCSA) dropped about 4.4% Friday to post a new 52-week low of $31.86. Shares closed at $33.33 on Thursday and the stock’s 52-week high is $44.00. Volume of nearly 40 million shares was about 40% higher than the daily average of around 29 million shares. The company is expected to post a sharp drop in cable subscribers when it reports earnings next week.
Flex Ltd. (NASDAQ: FLEX) fell by nearly 22% Friday to post a new 52-week low of $13.05 after closing at $16.64 on Thursday. The 52-week high is $19.71. Volume of about 28 million was nearly seven times the daily average of about 4.4 million. The company missed earnings estimates this morning and announced that it is investigating allegations of improper accounting.
Charter Communications Inc. (NASDAQ: CHTR) traded down more than 16% Friday and posted a new 52-week low of $250.10 after closing Thursday at $298.15. The stock’s 52-week high is $408.83. Volume totaled around 14 million, nearly 10 times the daily average. The company reported reported this morning that it lost 122,000 cable subscribers in the first quarter.
Cemex SAB de CV) traded down about 4.2% Friday to post a new 52-week low of $6.18 after closing Thursday at $6.45. The stock’s 52-week high is $10.37. Volume was about 40% higher than the daily average of around 10 million shares. The Mexico-based cement company reported Thursday that profits fell 92% in the first quarter.
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