Southwestern Energy, Ensco Dip into Wednesday’s 52-Week Low Club
May 31, 2017 by Paul AusickMay 31, 2017: Here are four stocks trading with heavy volume among 207 equities making new 52-week lows in Wednesday’s session. On both the NYSE and the Nasdaq, decliners and advancers closed about dead even.
Ensco plc (NYSE: ESV) dropped 8.2% Wednesday to post a new 52-week low of $5.84 after closing at $6.36 on Tuesday. The stock’s 52-week high is $12.04. Volume was nearly 3 times the daily average of around 10.7 million shares. The company’s stock trades ex-dividend tomorrow, and investors are still smarting from the firm’s decision to merge with Atwood Oceanics.
Southwestern Energy Co. (NYSE: SWN) dropped about 5.4% Wednesday to post a new 52-week low of $6.01 after closing at $6.35 on Tuesday. The stock’s 52-week high is $15.59. Volume of about 20 million was about equal the daily average. The company had no specific news Wednesday.
Transocean Ltd. (NYSE: RIG) dropped about 6.3% Wednesday to post a new 52-week low of $8.68 after closing Tuesday at $9.26. The 52-week high is $6.96. Volume rose to about 50% more than the daily average of about 12 million shares. The company had no specific news, but consolidation in the offshore drilling business is not a positive for Transocean or any other driller still standing by itself.
Noble Corp. (NYSE: NE) posted a new 52-week low of $3.83 on Wednesday, down about 6.6% compared with Tuesday’s closing price of $4.10. The stock’s 52-week high is $9.73. Volume totaled about 14.7 million shares, about 10% higher than the daily average of about 13.8 million. The company had no news Wednesday.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
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 you build your plan to retire early. 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.