Ford, General Motors Back into Thursday’s 52-Week Low Club
Ford, General Motors, Freeport-McMoRan, and J.C. Penney all posted new 52-week lows Thursday.
October 18, 2018: Here are four stocks trading with heavy volume among 278 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 3.25 to 1, and on the Nasdaq, decliners led advancers by about 3.24 to 1.
Ford Motor Co. (NYSE: F) traded down about 2.7% Thursday to post a new 52-week low of $8.52 after closing Wednesday at $8.76. The stock’s 52-week high is $13.48. Volume was less than 15% below the daily average of around 43 million shares. The National Highway Traffic Safety Administration has begun a preliminary investigation into complaints that some 54,000 pickup trucks’ tailgates open while the trucks are being driven.
J.C. Penney Co. Inc. (NYSE: JCP) traded down about 6.5% Thursday to set a new 52-week low of $1.43 after closing at $1.53 on Wednesday. The stock’s 52-week high is $4.75. Volume was about 33% lower than the daily average of around 15 million. The company had no specific news.
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Freeport-McMoRan Inc. (NYSE: FCX) traded down about 2.7% Thursday and posted a new 52-week low of $12.06 after closing Wednesday at $12.40. The stock’s 52-week high is $20.25. Volume was about 10% below the daily average of around 19 million. The mining giant had no specific news.
General Motors Co. (NYSE: GM) dropped about 3% Thursday to set a new 52-week low of $30.97. Shares closed at $31.93 on Wednesday and the stock’s 52-week high is $46.76. Volume was about 15% below the daily average of around 12.6 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.
