Nvidia, General Electric Lead Losers into Tuesday's 52-Week Low Club
November 20, 2018: Here are four stocks trading with heavy volume among 528 equities making new 52-week lows by mid-afternoon on Tuesday. On the NYSE decliners were leading advancers by about 5.22 to 1, and on the Nasdaq, decliners led advancers by about 2.92 to 1.
General Electric Co. (NYSE: GE) dropped about 4% Tuesday to set a new 52-week low of $7.53. Shares closed at $7.84 on Monday and the stock’s 52-week high is $19.39. Volume was about equal to the daily average of around 107.8 million. The company had no specific news.
Nvidia Corp. (NASDAQ: NVDA) traded down about 7.9% at $133.32 Tuesday after closing at $144.70 on Monday. The stock’s 52-week high is $292.76. Volume was nearly triple the daily average of around 13.2 million. The company had no specific news today, and shares rallied following a report that short-seller Citron Research is buying shares. The stock is on track to close the day up about 3%.
JD.com Inc. (NASDAQ: JD) traded down about 8.7% Tuesday and posted a new 52-week low of $19.27 after closing Monday at $21.11. The stock’s 52-week high is $50.68. Volume was about 75% above the daily average of around 19.7 million. The company missed third-quarter revenue estimates earlier this week.
Facebook Inc. (NASDAQ: FB) traded down about 3.6% at $26.85 Tuesday after closing at $131.55 on Monday. The stock’s 52-week high is $218.62 and volume was about 40% higher than the daily average of around 25 million. The company had no specific news