April 19, 2016: Here are three stocks trading with relatively heavy volume among 9 equities making new 52-week lows in Tuesday’s session. NYSE advancing stocks beat decliners by more than 2 to 1 and Nasdaq decliners led advancers by 51% to 46% in Tuesday’s trading.
Calumet Specialty Products Partners LP (NASDAQ: CLMT) posted a new 52-week low on Tuesday. Shares traded at a low of $4.45, down about 16%, after closing at $5.30 on Monday. The stock’s 52-week high is $28.49. Volume totaled about 6 times the daily average of around 800,000 shares. Today’s downdraft was less than half as bad as Monday’s, when the shares dropped by half and the volume reached 15 times the daily average. The refining and marketing firm suspended distributions and completed a private placement of $400 million in new debt at 11.5% interest.
Liberty Media Corp. (NASDAQ: LMCA) dropped about 2.7% on Tuesday to post a new 52-week low at $18.51 after closing at $19.01 on Monday. The stock’s 52-week high is $42.22. Share volume of around 3 million was about 3 times the daily average of about 1 million shares traded. On Monday, the media company completed its reclassification of common stock into three new tracking stocks, one for the company’s media properties, one for SiriusXM radio, and one for the Atlanta Braves major league baseball team.
24/7 Wall St.Liberty Media Corp. (NASDAQ: LMCK) fell by about 1.7% on Tuesday to post a new post-IPO low of $17.76 against a high of $40.61. The stock closed at $18.15 on Monday night. Volume totaled about 1.3 million shares on its second day of trading. This is the Liberty Media tracking stock for the Atlanta Braves. Make sure to get the share certificates–they make great souvenirs.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
