Source: Thinkstock
Alibaba Group Holdings Ltd. (NYSE: BABA) dropped 0.6% Thursday to a new post-IPO — and new all-time — low of $85.61, the second consecutive day for a new low. Share volume is about 65% below the daily average of around 59 million. The stock’s post-IPO high is $99.70. The Chinese e-commerce giant had no news today, and shares popped back to rise above $88 a share within about 90 minutes.
Cree Inc. (NASDAQ: CREE) dropped more than 15% today to post a 52-week low of $33.45. The stock’s 52-week high is $75.98. The maker of LED lighting slashed its outlook in a preliminary release of its first fiscal quarter earnings this morning. Share volume for today is more than 5-times the average daily of around 1.7 million shares.
Chesapeake Energy Corp. (NYSE: CHK) sank to a new 52-week low on Tuesday of $21.43. Based on Wednesday night’s closing price of $22.43 that’s a drop of about 4.5%. The stock’s 52-week high is $29.92. Trading volume is about 50% higher than the daily average of around 7.3 million shares. Natural gas prices slipped by $0.15 per million BTUs today following a massive increase in the nation’s natural gas inventory.
Honda Motor Co. Ltd. (NYSE: HMC) posted a drop of about 7.5% today to a new 52-week low of $31.26 against a 52-week high of $42.96. Volume is more than 8-times the daily average of around 650,000 shares. September sales were down 29% for the company’s U.S. division.
Zynga Inc. (NASDAQ: ZNGA) posted a drop of more than 5% today to a new 52-week low of $2.55 compared with a 52-week high of $5.89. Volume is more than 50% above the daily average of around 18 million shares. The mobile game-maker had no specific news today.
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