The 52-Week Low Club for Thursday
CVR Refining LP (NYSE: CVRR) posted a new 52-week low on Thursday of $16.88. Based on Wednesday night’s closing price of $17.31 that’s a drop of about 2.5%. The stock’s 52-week high is $28.55. Trading was about 80% higher than the stock’s average daily volume of around 500,000 shares traded. Rising crude oil prices typically constrict refining margins, and oil was rising this morning. When it began to fall later in the day, CVR’s share price rose to finish with a gain on the day of about 1%.
Kirby Corp. (NYSE: KEX) dropped more than 11% Thursday to post a new 52-week low of $78.84. The stock’s 52-week high is $124.12. Volume rose to nearly 4-times the daily average of around 600,000 shares. The tank barge operator and diesel equipment service company cut its guidance today.
Stratasys Ltd. (NASDAQ: SSYS) posted a drop of 5% today to establish a new 52-week low at $76.92 against a high of $138.10. Volume was about double the daily average of around 1.3 million shares. The company had no specific news today.
Western Refining Inc. (NYSE: WNR) dropped about 5.2% on Thursday to post a new 52-week low of $35.30 after closing at $37.24 on Wednesday. The stock’s 52-week high is $48.36. Share volume is 30% below the 2 million daily average shares traded. The company had no specific news today, but like rival CVR Refining, today was not a good day for small refinery operators.