Investing
Ford, Ceasars Crash into Wednesday's 52-Week Low Club
Published:
Last Updated:
August 1, 2018: Here are four stocks trading with heavy volume among 105 equities making new 52-week lows in Wednesday’s session. On the NYSE decliners led advancers by about 1.7 to 1 and on the Nasdaq, decliners led advancers by about 1.05 to 1.
Ceasars Entertainment Corp. (NASDAQ: CZR) traded down about 24% Wednesday and posted a new 52-week low of $8.55 after closing Tuesday at $11.30. The stock’s 52-week high is $14.50. Volume totaled around 97 million, more than 8 times the daily average. The company’s earnings report included bad news for casino stocks.
Ford Motor Co. (NYSE: F) traded down about 2.2% Wednesday to post a new 52-week low of $9.82 after closing Tuesday at $10.04. The stock’s 52-week high is $13.48. Volume was about slightly above the daily average of about 36 million shares. The company posted weak July sales this morning.
Summit Materials Inc. (NYSE: SUM) traded down more than 18% Wednesday to set a new 52-week low of $20.50. Shares closed at $25.10 on Tuesday, and the 52-week high is $34.06. Volume was more than six times the daily average of around 1.5 million. The company missed earnings and revenue expectations this morning.
Pitney Bowes Inc. (NYSE: PBI) dropped about 10% Wednesday to set a new 52-week low of $7.86. Shares closed at $8.73 on Tuesday and the stock’s 52-week high is $14.80. Volume was more than double the daily average of around 2.5 million. The company reported disappointing results Tuesday evening.
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.