The 52-Week Low Club for Tuesday

ThinkstockSeptember 16, 2014: The following stocks are among the 118 equities making new 52-week lows today: Arch Coal Inc. (NYSE: ACI) dropped about 4.5% on Tuesday to post a new 52-week low of $2.73. Share volume is about 80% above…

Published September 16, 2014, 4:05pm ET · 2 min read

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September 16, 2014: The following stocks are among the 118 equities making new 52-week lows today:

Arch Coal Inc. (NYSE: ACI) dropped about 4.5% on Tuesday to post a new 52-week low of $2.73. Share volume is about 80% above the daily average of around 5 million. The stock’s 52-week high is $5.37. The company was downgraded to Reduce from Neutral and the price target was cut from $4 to $3 at Nomura.

Cumulus Media Inc. (NASDAQ: CMLS) sank to a new 52-week low on Tuesday of $3.81. Based on Monday night’s closing price of $4.09 that’s a drop of nearly 7%. The stock’s 52-week high is $8.19.The commercial radio station broadcasting company has seen shares slide nearly 49% year-to-date. There was no specific news on the stock today. Trading volume was more than double the daily average of around 2.6 million shares.

Sears Holding Corp. (NASDAQ: SHLD) dropped 10% today to post a new 52-week low of $30.16. Share volume was more than 3-times higher than the average daily volume of around 800,000 shares. The stock’s 52-week high is $67.50. The owner of Sears and Kmart stores will borrow $400 million from affiliates of its CEO’s hedge fund.

VirnetX Holding Corp. (NYSEMKT: VHC) dropped about 60% today to post a new 52-week low of $6.00. Volume is nearly 30-times higher than the daily average of around 424,000 shares. A judge threw out the Internet communications software company’s $368 million judgment against Apple. The stock’s 52-week high is $25.49.

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Paul Ausick

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.

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