The 52-Week Low Club for Thursday
ThinkstockJanuary 8, 2015: Here are four stocks among the 69 equities making new 52-week lows today. Google Inc. (NASDAQ: GOOGL) posted a new 52-week low on Thursday of $495.02. Based on Wednesday night’s closing price of $505.15 that’s a drop of…
January 8, 2015: Here are four stocks among the 69 equities making new 52-week lows today.
Google Inc. (NASDAQ: GOOGL) posted a new 52-week low on Thursday of $495.02. Based on Wednesday night’s closing price of $505.15 that’s a drop of about 2%. The stock’s 52-week high is $615.05. Volume is about 30% higher than the daily average of around 2.2 million shares. The company’s Class A shares slipped on news that Google’s share of the U.S. search market dropped from 79.3% in December 2013 to 75.2% last month.
Rex Energy Corp. (NASDAQ: REXX) dropped about 9% on Thursday to post a new 52-week low of $3.95. The stock’s 52-week high is $22.00. Volume was about a third higher than the daily average of around 3 million shares. Low crude oil prices hit small producers like Rex much harder than their larger peers.
Banco Santander SA (NYSE: SAN) dropped about 7% on Thursday to post a new 52-week low of $7.34 after closing at $7.90 on Wednesday. The stock’s 52-week high is $10.75. Share volume is nearly 6-times the daily average of around 11 million shares traded. The Spanish bank announced a plan to raise additional capital today.
Southwestern Energy Co. (NYSE: SWN) dropped just 0.6% on Thursday to establish a new 52-week low at $24.05 against a high of $49.16. Volume was about 30% above the daily average of around 7.7 million shares. The company’s shares have dropped 12% since the first day of trading in 2015.
ALSO READ: America’s Worst Run Companies
Contact [email protected] for any questions or corrections.
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.