Investing

The 52-Week Low Club for Thursday

down market
Source: Thinkstock
June 25, 2015: Here are four stocks among the 93 equities making new 52-week lows today.

Chesapeake Energy Corp. (NYSE: CHK) dropped about 4.8% on Thursday to post a new 52-week low at $11.00 after closing at $11.55 on Wednesday. The stock’s 52-week high is $29.92. Share volume totaled about 24 million, nearly 10% higher than the daily average of around 22 million shares traded. The company was downgraded by UBS this morning and oil prices dropped today, a double hit to Chesapeake’s fortunes.

Micron Technology Inc. (NASDAQ: MU) dropped about 1.7% on Thursday to post a new 52-week low of $23.66 against a 52-week high of $36.59. The stock closed at $24.06 on Wednesday night. Volume totaled around 22 million shares, about equal to the daily average. The company reports quarterly earnings after Thursday’s close.

CenturyLink Inc. (NYSE: CTL) posted a new 52-week low on Thursday. Shares dropped about 5.6% to a low of $30.10 from Wednesday’s closing price of $31.88. The stock’s 52-week high is $45.67. Volume totaled more than 12 million shares, over 3-times the stock’s daily average of around 4 million. The stock was downgraded at J.P. Morgan today.

BlackBerry Ltd. (NASDAQ: BBRY) dropped about 3.1% on Thursday to post a new 52-week low of $8.56 after closing at $8.83 on Wednesday. The stock’s 52-week high is $12.63. Share volume totaled around 12 million shares, about 30% above the daily average of around 9 million. Even a stock buyback of 12 million shares isn’t supporting the stock after the earnings results reported earlier this week.

ALSO READ: The Richest Town in Each State

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.

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