BHP Billiton Ltd. (NYSE: BHP)) dropped about 2.7% today to post a new 52-week low of $54.35. The stock’s 52-week high is $73.91. Volume is about equal to the daily average of around 2.6 million shares. The giant mining company was hit by a report that Chinese demand for metals may not be growing.
Jumei International Holding Ltd. (NYSE: JMEI) dropped nearly 18% on Thursday to post a new 52-week low of $18.26 after closing at $22.23 on Wednesday evening. The stock’s 52-week high is $39.45. Share volume is more than 4-times higher than the 944,000 daily average shares traded. China’s leading online seller of beauty products has not fallen below its May IPO price of $22 a share.
SouFun Holdings Ltd. (NYSE: SFUN) posted a new 52-week — and all-time — low on Thursday of $7.90. Based on Wednesday night’s closing price of $8.27 that’s a drop of about 4.5%. The stock’s 52-week high is $19.94. Trading volume is about 15% below the daily average of around 6.1 million shares. The Chinese online real-estate and home improvement company has struggled with falling house prices in China.
Solazyme Inc. (NASDAQ: SZYM) posted a drop of about 5.6% today to post a new 52-week — and all-time — low of $2.87 against a 52-week high of $15.00. Volume is about equal to the daily average of around 1.8 million shares. The biofuels maker announced that the chairman of the board’s audit committee will resign by the end of the year. The company’s troubles in Brazil are hammering the stock.