The 52-Week Low Club for Friday
ThinkstockOctober 31, 2014: Here are four stocks among the 106 equities making new 52-week lows today. Kinross Gold Corp. (NYSE: KGC) dropped nearly 17% today to post a new 52-week low of $2.07. The stock’s 52-week high is $5.44. It…
October 31, 2014: Here are four stocks among the 106 equities making new 52-week lows today.
Kinross Gold Corp. (NYSE: KGC) dropped nearly 17% today to post a new 52-week low of $2.07. The stock’s 52-week high is $5.44. It would be tough to find a gold miner that traded up today, given the shock to markets from Japan’s increase in quantitative easing . Trading volume on Kinross was about 3-times the daily average of around 10.7 million shares traded.
Moneygram International Inc. (NASDAQ: MGI) dropped nearly 33% on Friday to post a new 52-week low of $8.52 after closing at $12.64 on Thursday evening. Share volume is nearly 10-times the daily average of around 290,000. The company reported awful earnings, and withdrew its guidance based on its decision to lower pricing.
Silver Wheaton Corp. (NYSE: SLW) posted a new 52-week low on Friday of $16.78. Based on Thursday night’s closing price of $17.89 that’s a drop of about 6.2%. The stock’s 52-week high is $27.66. Trading volume is about double the daily average of around 4.5 million shares. Silver is sharing gold’s pain today.
Trimble Navigation Ltd. (NASDAQ: TRMB) posted a drop of nearly 16% today to post a new 52-week low of $25.66 against a 52-week high of $40.17. Volume is more than 6-times the daily average of around 1.6 million shares. The GPS maker missed earnings and estimates after the markets closed last night.
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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.
