The 52-Week Low Club for Friday
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.