eBay, General Electric Slide into Tuesday’s 52-Week Low Club

Print Email

September 25, 2018: Here are four stocks trading with heavy volume among 89 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 1.34 to 1, and on the Nasdaq, decliners and advancers finished essentially dead even.

General Electric Co. (NYSE: GE) traded down about 4.3% Tuesday to set a new 52-week low of $11.23 after closing at $11.74 on Monday. The stock’s 52-week high is $25.21. Volume was approaching double the daily average of about 58 million. Another of the company’s power turbine’s was shut down today due to a fan problem.

Turquoise Hill Resources Ltd. (NYSE: TRQ) traded down nearly 1% Tuesday to post a new 52-week low of $2.11 after closing Monday at $2.13. The stock’s 52-week high is $3.59. Volume was more than four times the daily average of around 3.3 million shares. The company had no specific news. Shares are on track to post a gain of about 1% shortly before the closing bell.

eBay Inc. (NASDAQ: EBAY) traded down about 3.3% Tuesday and posted a new 52-week low of $32.60 after closing Monday at $33.72. The stock’s 52-week high is $46.99. Volume was about 35% above the daily average of around 9.7 million. The company began converting its payment management system from PayPal to its own home-grown processor.

TG Therapeutics Inc. (NASDAQ: TGTX) dropped about 40% Tuesday to set a new 52-week low of $5.50. Shares closed at $9.25 on Monday and the stock’s 52-week high is $17.35. Volume was about 70% higher than the daily average of around 7.4 million. The company said it is no longer considering an accelerated application for a clinical drug trial.