Whirlpool, JetBlue Tumble into Tuesday’s 52-Week Low Club
JetBlue, Whirlpool, eBay, and 3M all posted new 52-week lows Tuesday.
July 24, 2018: Here are four stocks trading with heavy volume among 82 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 1.05 to 1 and on the Nasdaq, decliners led advancers by about 1.83 to 1.
JetBlue Airways Corp. (NASDAQ: JBLU) traded down more than 10% Tuesday to post a new 52-week low of $17.76 after closing Monday at $19.81. The stock’s 52-week high is $23.29. Volume was about four times the daily average of about 4.4 million shares. The company reported $120 million loss this morning. That’ll send investors to the exits.
Whirlpool Corp. (NYSE: WHR) dropped about 14.7% Tuesday to set a new 52-week low of $128.50. Shares closed at $150.71 on Monday and the stock’s 52-week high is $192.47. Volume totaled about seven times the daily average of around 1.5 million. The company’s second-quarter results were hit by lower sales and higher prices due to tariffs.
[nativounit]
eBay Inc. (NASDAQ: EBAY) traded down about 1% Tuesday and posted a new 52-week low of $33.44 after closing Monday at $33.79. The stock’s 52-week high is $46.99. Volume totaled around 7.6 million, about 15% below the daily average. The company had no specific news.
3M Company (NYSE: MMM) traded down about 4.2% Tuesday to set a new 52-week low of $190.57. Shares closed at $198.84 on Monday, and the 52-week high is $259.77. Volume was more than double the daily average of around 2.9 million. The stock recovered after the low opening bid and is on track to tack on about 1% by the closing bell.
[recirclink id=478708]
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.