The 52-Week Low Club for Tuesday
ThinkstockSeptember 9, 2014: Among the 73 stocks making new 52-week lows today were the following companies: Peabody Coal Co. (NYSE: BTU) dropped about 2.4% on Tuesday to a new 52-week low of $14.52. Share volume is about 30% below the…
September 9, 2014: Among the 73 stocks making new 52-week lows today were the following companies:
Peabody Coal Co. (NYSE: BTU) dropped about 2.4% on Tuesday to a new 52-week low of $14.52. Share volume is about 30% below the daily average of around 6.2 million. The stock’s 52-week high is $21.28. Coal gets little love these day, and a buyer of one of the company’s Australian mines stopped making payments more than a week ago. The mine was closed in December.
Comverse Inc. (NASDAQ: CNSI) dropped more than 9% today to post a new 52-week low of $21.02 compared with the stock’s 52-week high of $40.30. The company announced second quarter results today that failed to meet expectations. Trading volume was about 6-times the daily average of around 160,000 shares.
Herbalife Ltd. (NYSE: HLF) dropped more than 5% today to post a new 52-week low of $46.24. Share volume was about 50% higher than the average daily volume of around 2.5 million shares and the 52-week high is $83.51. There was no news on the company today.
Smith & Wesson Holding Corp. (NASDAQ: SWHC) dropped about 2.1% today to post a new 52-week low of $10.16. Volume is nearly about equal to the daily average of around 1.6 million shares. The gun maker had no news today, but it’s been a tough year so far. Shares have dropped 24% since January. The stock’s 52-week high is $7.43.
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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.