American Realty Capital Properties Inc. (NASDAQ: ARCP) dropped nearly 17% today to post a new 52-week low of $7.38. The stock’s 52-week high is $14.96. RCS Capital Corp. (NYSE: RCAP) today withdrew a plan to acquire Cole Capital from American which said last week that it is going to restate earnings. Trading volume was more than 5-times the daily average of around 16 million shares traded.
Freeport-McMoRan Inc. (NYSE: FCX) dropped nearly 3.2% on Monday to post a new 52-week low of $27.60 after closing at $28.50 on Friday evening. Share volume is nearly 50% higher than the daily average of around 10 million. The company said this morning that it has completed the sale of its Candelaria/Ojos assets for $1.8 billion.
Key Energy Services Inc. (NYSE: KEG) posted a new 52-week low on Monday of $2.86. Based on Friday night’s closing price of $3.04 that’s a drop of nearly 6%. The stock’s 52-week high is $10.52. Trading volume is about 25% above the daily average of around 2.7 million shares. The company had no specific news today, but dropping crude oil prices weigh on services companies and Key Energy is among the weakest..
Sturm, Ruger & Co. Inc. (NYSE: RGR) posted a drop of about 6% today to post a new 52-week low of $39.18 against a 52-week high of $85.93. Volume is about double the daily average of around 390,000 shares. Americans must finally have enough guns for the moment because dealers are overstocked and manufacturers’ sales are down sharply.
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