The 52-Week Low Club for Tuesday
ThinkstockDecember 30, 2014: Here are four stocks among the 75 equities making new 52-week lows today. Volumes remain very low. Civeo Corp. (NYSE: CVEO) posted a new 52-week — and all-time — low on Tuesday of $3.90. Based on Monday…
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December 30, 2014: Here are four stocks among the 75 equities making new 52-week lows today. Volumes remain very low.
Civeo Corp. (NYSE: CVEO) posted a new 52-week — and all-time — low on Tuesday of $3.90. Based on Monday night’s closing price of $8.27 that’s a drop of nearly 53%. The stock’s 52-week high is $28.40. Volume is about a 24-times the daily average of around 2.2 million shares. The oilfield lodging provider cut estimates and suspended its dividend this morning.
Southwestern Energy Inc. (NYSE: SWN) dropped about 5.3% on Tuesday to post a new 52-week — and all-time — low of $27.25 after closing at $29.22 on Monday. The stock’s 52-week high is $49.16. Share volume is about 45% above the daily average of 7.1 million shares traded. The natural gas producer said this morning that capital spending will be higher in 2015.
Ultra Petroleum Corp. (NYSE: UPL) dropped about 3.7% Tuesday to establish a new 52-week low at $12.82 against a high of $31.43. Volume was 35% below the daily average of around 2.6million shares. The company had no news today.
Vivus Inc. (NASDAQ: VVUS) dropped about 4.9% Tuesday to post a new 52-week low of $2.72. The stock’s 52-week high is $9.80. Volume totaled nearly double the daily average of around 1.9 million shares. The company had no news today but is likely still feeling the effects of U.S. FDA approval for a competing diabetes drug last week.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.