General Electric, General Motors Drop into Wednesday’s 52-Week Low Club
Two Generals, Electric and Motors, posted new 52-week lows Wednesday. Turquoise Hill Resources match its low and NXP Semiconductor posted a new low.
September 26, 2018: Here are four stocks trading with heavy volume among 112 equities making new 52-week lows in Wednesday’s session. On the NYSE decliners led advancers by about 1.66to 1, and on the Nasdaq, decliners led advancers by about 1.65 to 1.
General Electric Co. (NYSE: GE) traded down about 0.4% Wednesday to set a new 52-week low of $11.22 after closing at $11.27 on Tuesday. The stock’s 52-week high is $25.05. Volume was less than 10% above the daily average of about 60.6 million. The company had no specific news and is on its way to adding about 1.3% to its share price by the closing bell.
Turquoise Hill Resources Ltd. (NYSE: TRQ) traded down about 1.4% Wednesday to match a 52-week low of $2.11 after closing Tuesday at $2.14. The stock’s 52-week high is $3.59. Volume was more than four times the daily average of around 3.6 million shares. The company had no specific news. Shares are on track to post a gain of about 1.4%.
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General Motors Co. (NYSE: GM) traded down about 0.6% Wednesday and posted a new 52-week low of $33.35 after closing Tuesday at $33.55. The stock’s 52-week high is $46.76 Volume was about equal to the daily average of around 11 million. The company said that it plans to return headquarters operations from New York to Detroit. Shares reversed course and look to add about 0.8% today.
NXP Semiconductors NV (NASDAQ: NXPI) dropped about 2.5% Wednesday to set a new 52-week low of $84.36. Shares closed at $86.51 on Tuesday and the stock’s 52-week high is $125.93. Volume was about 15% lower than the daily average of around 8.1 million. The company had no specific news.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.