Investing

The 52-Week Low Club for Monday

down market
Source: Thinkstock
August 10, 2015: Here are four stocks trading with heavy volume among the 105 equities making new 52-week lows today.

Freeport-McMoRan Inc. (NYSE: FCX) posted a new 52-week low on Monday. Shares dropped about 4% to a low of $10.10 from Friday’s closing price of $10.53. The stock’s 52-week high is $37.10. Volume totaled about 60% more than the daily average of around 21 million. The low was posted on the opening bell and shares gained more than 10% today on better news about the commodity markets and a registration filing for a $1 billion at-the-market in conjunction with J.P. Morgan Securities.

Groupon Inc. (NASDAQ: GRPN) dropped about 6% on Monday to post a new 52-week low at $4.16 after closing at $4.43 on Friday. The stock’s 52-week high is $8.43. Share volume totaled more than double the daily average of around 9.5 million. The company’s price target was cut at Deutsche Bank this morning.

Newmont Mining Corp. (NYSE: NEM) dropped fractionally on Monday to set a new 52-week low of $16.08 after closing at $16.14 on Friday. The stock’s 52-week high is $27.90. Share volume totaled around 7 million shares, about 15% below the daily average of around 8 million. The shares ended up gaining around 5% by late Monday afternoon as gold prices settled higher today.

Whole Foods Market Inc. (NASDAQ: WFM) dropped about 1.4% on Monday to post a new 52-week low of $33.98 against a 52-week high of $57.57. The stock closed at $34.47 on Friday night. Volume was about equal to the daily average of around 4.8 million shares traded. The company was hit with a shareholder lawsuit today alleging failure to disclose an investigation into Whole Foods’ pricing practices for pre-packaged foods sold by weight.

ALSO READ: America’s Best Companies to Work For

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

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