The 52-Week Low Club for Wednesday
December 9, 2015: Here are four stocks trading with heavy volume among 202 equities making new 52-week lows today. Harmonic Inc. (NASDAQ: HLIT) dropped about 5.3% on Wednesday to post a new 52-week low of $4.25 against a 52-week high…
December 9, 2015: Here are four stocks trading with heavy volume among 202 equities making new 52-week lows today.
Harmonic Inc. (NASDAQ: HLIT) dropped about 5.3% on Wednesday to post a new 52-week low of $4.25 against a 52-week high of $7.98. The stock closed at $4.49 on Tuesday night. Volume reached nearly 12 million shares, about 30 times the daily average of around 390,000 shares traded. The video hardware products maker this morning priced a $125 million convertible debt offering at a conversion rate equivalent to about $5.75 per share.
Genworth Financial Inc. (NYSE: GNW) slipped about 4.5% on Wednesday to post a new 52-week low of $3.99 against a high of $9.19. The stock closed at $4.18 on Tuesday night. Volume was about equal to the daily average of around nearly 8.5 million shares traded. The financial services company had no specific news today.
Potash Corp. of Saskatchewan Inc. (NYSE: POT) posted a new low on Wednesday. Shares dropped less than 0.01% to a low of $17.82 from Tuesday’s closing price of $17.86. The stock’s 52-week high is $37.60. Volume was about equal to the daily average of around 7 million shares. The fertilizer maker had no specific news today, but shares appear to be headed for a higher close on Wednesday.
Anadarko Petroleum Corp. (NYSE: APC) dropped about 2.8% on Wednesday to post a new 52-week low at $50.35 after closing at $95.94 on Tuesday. The stock’s 52-week high is $95.94. Share volume was about 10% above the daily average of around 5.5 million. The oil producer had not specific news today either.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
