Investing

The 52-Week Low Club for Monday

down market
Source: Thinkstock
December 8, 2014: Here are four stocks among the 326 equities making new 52-week lows today.

Apache Corp. (NYSE: APA) dropped about 6.4% Monday to post a new 52-week low of $57.70. The stock’s 52-week high is $104.57. Volume is 25% higher than the daily average of around 4 million shares. It would be hard to find an independent oil & gas company that did not see the share price drop today. WTI for January delivery dropped below $63 this afternoon.

Halliburton Co. (NYSE: HAL) posted a drop of about 4.9% today to establish a new 52-week low of $38.38 against a high of $74.33. Volume is about 50% above the daily average of around 18 million shares. Falling crude oil prices not only hurt E&P companies but the services firms are also taking a beating.

Petroleo Brasileiro SA (NYSE: PBR), better known as Petrobras, dropped about 7.4% on Monday to post a new 52-week low of $8.17 after closing at $8.82 on Friday. The stock’s 52-week high is $20.94. Share volume is less than half the 49 million daily average shares traded. On Friday the stock dropped nearly 3% on inflation news from Brazil. Today the stock is caught in the vortex of falling crude oil prices.

Vale SA (NYSE: VALE) posted a new 52-week low on Monday of $8.05. Based on Friday night’s closing price of $8.38 that’s a drop of about 3.9% following a drop of 1.5% on Friday and 2.8% on Thursday and another annual low. The stock’s 52-week high is $15.59. Trading volume is about 40% below the daily average of around 28 million shares. Continued weakness in iron ore pricing shows no indication of changing.

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