Investing

The 52-Week Low Club for Wednesday

down market
Source: Thinkstock
April 1, 2015: Here are four stocks among the 94 equities making new 52-week lows today.

Vale SA (NYSE: VALE) dropped about 2.5% on Wednesday to post a new 52-week low of $5.51 after closing at $5.65 on Tuesday. The stock’s 52-week high is $15.59. Share volume totaled about 20% below the daily average of around 28.9 million shares traded. The Brazilian mining giant is in a market share battle with rival iron ore producers trying to ride out the oversupply and lower prices.

SanDisk Corp. (NASDAQ: SNDK) dropped about 1% on Wednesday to post a new 52-week low of $63.00 against a 52-week high of $108.77. Shares closed at $63.62 Tuesday night. Volume was about 15% above the daily average of around 5.3 million shares. The flash memory producer was the worst performing S&P 500 index stock in the first quarter of 2015. Shares recovered by mid-morning and appear headed for a higher close.

Vivus Inc. (NASDAQ: VVUS) posted a new 52-week low on Wedesday. Shares dropped about 7.3% to $2.28 from Tuesday’s closing price of $2.46. The stock’s 52-week high is $6.28. Volume is about 15% above the daily average of around 2.5 million shares. The pharmaceutical firm released an operational update earlier this week which pushed the shares onto a steep downward trajectory. Shares are down nearly 12% since Monday.

KLA-Tencor Corp. (NASDAQ: KLAC) dropped about 1.9% on Wednesday to post a new 52-week low of $57.21 after closing at $58.29 on Tuesday. The stock’s 52-week high is $84.21. Share volume was about equal to the daily average of around 1.5 million shares traded. The semiconductor manufacturing equipment maker is another of the worst performing stocks on the S&P 500 for the first quarter of the year.

ALSO READ: The Most Iconic Job in Each State

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.