JC Penney, Ford Floundering in Friday’s 52-Week Low Club
September 28, 2018 by Paul AusickSeptember 28, 2018: Here are four stocks trading with heavy volume among 164 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 1.28 to 1, and on the Nasdaq, advancers led decliners by about 1.16 to 1.
Ford Motor Co. (NYSE: F) traded down about 1.5% Friday and posted a new 52-week low of $9.09 after closing Thursday at $9.23. The stock’s 52-week high is $13.48. Volume was about 40% below the daily average of around 39.9 million. The company had no specific news.
Snap Inc. (NYSE: SNAP) traded down about 4.5% Friday to set a new 52-week low of $8.40 after closing at $8.80 on Thursday. The stock’s 52-week high is $21.22. Volume was about 20% higher than the daily average of about 20.8 million. The company had no specific news.
J.C. Penney Co. Inc. (NYSE: JCP) traded down about 10.4% Friday to post a new 52-week low of $1.55 after closing Thursday at $1.73. The stock’s 52-week high is $4.75. Volume was 75% higher than the daily average of around 13 million shares. The company’s CFO has resigned, effective Monday.
Turquoise Hill Resources Ltd. (NYSE: TRQ) dropped about 1.4% Friday to set a new 52-week low of $2.10. Shares closed at $2.13 on Thursday and the stock’s 52-week high is $3.59. Volume was about triple the daily average of around 3.9 million. The company missed expectations when it reported quarterly results this morning.
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