The 52-Week Low Club for Wednesday
ThinkstockJanuary 7, 2015: Here are four stocks among the 140 equities making new 52-week lows today. Avon Products Inc. (NYSE: AVP) posted a new 52-week low on Wednesday of $8.42. Based on Tuesday night’s closing price of $8.61 that’s a…
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January 7, 2015: Here are four stocks among the 140 equities making new 52-week lows today.
Avon Products Inc. (NYSE: AVP) posted a new 52-week low on Wednesday of $8.42. Based on Tuesday night’s closing price of $8.61 that’s a drop of about 2.2%. The stock’s 52-week high is $17.15. Volume is about 15% higher than the daily average of around 9.3 million shares. The company suffered a ratings downgrade from Market Perform to Underperform on Tuesday from analysts at BMO Capital. The analysts also cut the price target from $10 to $7.
Herbalife Ltd. (NYSE: HLF) dropped about 9.3% on Wednesday to post a new 52-week low of $27.60. The stock’s 52-week high is $83.51. Volume was more than double the daily average of around 2.4 million shares. Bill Ackman, the activist investor who is Herbalife’s nemesis, said that the company would miss earnings expectations and will revise its guidance. The stock staged a comeback and traded up for the day in the late afternoon however.
Helmerich & Payne Inc. (NYSE: HP) dropped about 8.3% on Wednesday to post a new 52-week low of $58.40 after closing at $63.66 on Tuesday. The stock’s 52-week high is $118.95. Share volume is more than double the daily average of around 2 million shares traded. The oil & natural gas driller presented a weak outlook for the coming year today.
SeaDrill Ltd. (NYSE: SDRL) dropped about 2.2% on Wednesday to establish a new 52-week low at $10.25 against a high of $41.03. Shares dropped 4% on Tuesday. Volume was about 20% below the daily average of around 14 million shares. The company had no news today.
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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.