September 5, 2018: Here are four stocks trading with heavy volume among 128 equities making new 52-week lows in Wednesday’s session. On the NYSE decliners led advancers by about 1.28 to 1, and on the Nasdaq, decliners led advancers by about 1.69 to 1.
JD.com Inc. (NASDAQ: JD) traded down about 11.7% Wednesday to post a new 52-week low of $26.00 after closing Tuesday at $29.43. The stock’s 52-week high is $50.68. Volume exceeded four times the daily average of around 15.9 million shares. The company’s CEO was arrested and released over the weekend on what has been reported as a rape allegation.
Ford Motor Co. (NYSE: F) dropped about 1.6% Wednesday to set a new 52-week low of $9.32. Shares closed at $9.47 on Tuesday and the stock’s 52-week high is $13.48. Volume totaled around 34 million, about 10% below the daily average. The company had no specific news and shares have reversed course and are currently on track to close with a daily gain of about 0.5%. The company sold more than 81,000 F-Series pickups last month according to the monthly sales report.
Alibaba Group Holding Ltd. (NYSE: BABA) traded down about 4.3% Wednesday to set a new 52-week low of $163.06 after closing at $170.44 on Tuesday. The stock’s 52-week high is $211.70. Volume was about 25% higher than the daily average of around 20.6 million. The company had no specific news.
Snap Inc. (NYSE: SNAP) traded down about 5% Wednesday and posted a new 52-week low of $10.06 after closing Tuesday at $10.59. The stock’s 52-week high is $21.22. Volume was about equal to the daily average of around 21.1 million. The company launched a new version of its Spectacles camera glasses this morning.