Ford, General Motors Drive into Friday’s 52-Week Low Club

Print Email

September 7, 2018: Here are four stocks trading with heavy volume among 162 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 2.14 to 1, and on the Nasdaq, decliners led advancers by about 1.3 to 1.

Ford Motor Co. (NYSE: F) traded down about 1.9% Friday and posted a new 52-week (and all-time) low of $9.25 after closing Thursday at $10.9.43. The stock’s 52-week high is $13.48. Volume was about 15% above the daily average of around 38.7 million. The company had no specific news Friday.

Freeport-McMoRan Inc. (NYSE: FCX) traded down about 3.8% Friday to set a new 52-week low of $13.05 after closing at $113.57 on Thursday. The stock’s 52-week high is $20.25. Volume was about 15% higher than the daily average of around 16.8 million. The company had no specific news.

General Motors Co. (NYSE: GM) traded down about 2.2% Friday to post a new 52-week low of $33.61 after closing Thursday at $34.38. The stock’s 52-week high is $46.76. Volume was about 15% below the daily average of around 11 million shares. The company had no specific news, but U.S. trade policy and tariffs are not good for GM or Ford.

Applied Materials Inc. (NASDAQ: AMAT) dropped about 1.6% Friday to set a new 52-week low of $39.63. Shares closed at $40.27 on Thursday and the stock’s 52-week high is $62.40. Volume totaled around 9 million, about 25% below the daily average. The semiconductor equipment maker is turning into an over-priced house in a declining neighborhood. https://247wallst.com/technology-3/2018/09/06/semiconductor-capital-equipment-sector-still-has-too-much-bull-market-hope/