General Electric, Rite Aid Plunge into Monday’s 52-Week Low Club
September 24, 2018 by Paul AusickSeptember 24, 2018: Here are four stocks trading with heavy volume among 69 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 2.08 to 1, and on the Nasdaq, decliners led advancers by about 1.57 to 1.
General Electric Co. (NYSE: GE) traded down about 4.7% Monday to set a new 52-week low of $11.60 after closing at $12.17 on Friday. The stock’s 52-week high is $25.21. Volume was around double the daily average of about 57 million. The company had no specific news, but lingering issues with its massive power turbines have spooked investors.
JD.com Inc. (NASDAQ: JD) traded down nearly 8% Monday to post a new 52-week low of $24.38 after closing Friday at $26.49. The stock’s 52-week high is $50.68. Volume was about 60% above the daily average of around 17.4 million shares. The company’s price target was lowered to $41 by an analyst at MKM Partners.
Rite Aid Corp. (NYSE: RAD) traded down about 1.6% Monday and posted a new 52-week low of $1.23 after closing Friday at $1.25. The stock’s 52-week high is $2.55. Volume was about 60% above the daily average of around 14.4 million. The company had no specific news.
Newell Brands Inc. (NYSE: NWL) dropped about 7.7% Monday to set a new 52-week low of $20.15. Shares closed at $21.84 on Friday and the stock’s 52-week high is $43.99. Volume was about 70% higher than the daily average of around 7.4 million. The company had no specific news.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.