Source: Thinkstock
Applied Materials Inc. (NASDAQ: AMAT) dropped about 4.8% on Friday to post a new 52-week low at $16.24 after closing at $17.05 on Thursday. The stock’s 52-week high is $25.71. Share volume totaled more than double the daily average of around 17 million. The maker of equipment for semiconductor manufacturers is taking some lumps after reporting poor results and lowering its outlook.
Micron Technology Inc. (NASDAQ: MU) dropped nearly 5 % on Friday to set a new 52-week low of $16.82 after closing at $17.70 on Thursday. The stock’s 52-week high is $36.59. Share volume totaled around 33 million shares, about 5% above the daily average of around 31 million. The company had no specific news today.
Alcoa Inc. (NYSE: AA) posted a new 52-week low on Friday. Shares dropped fractionally to a low of $9.28 from Thursday’s closing price of $9.31. The stock’s 52-week high is $17.75. Volume fell to about half the daily average of around 21 million. The company had no specific news today.
El Pollo Loco Holdings Inc. (NASDAQ: LOCO) dropped about 20% on Friday to post a new 52-week low of $14.62 against a 52-week high of $40.89. The stock closed at $18.36 on Thursday night. Volume was about 8 times the daily average of around 1 million shares traded. The company posted results after markets closed on Thursday and the growth that analysts and investors were looking far was not there..
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