The 52-Week Low Club for Friday
January 30, 2015 by Paul Ausick
Chicago Bridge & Iron Company NV (NYSE: CBI) dropped more than 16% on Friday to post a new 52-week low of $32.16 after closing at $38.47 on Thursday. The stock’s 52-week high is $89.22. Share volume was more than 6-times the daily average of around 2.2 million shares traded. The engineering and construction company tumbled on an announced delay in construction of a new nuclear power plant for the Southern Company.
Chevron Corp. (NYSE: CVX) dropped about 4% on Friday to post a new 52-week low of $98.88. The stock’s 52-week high is $135.10. Volume was more than double the daily average of nearly 9 million shares. The company reported results this morning, guiding earnings lower and halting share buybacks.
Eldorado Gold Corp. (NYSE: EGO) dropped nearly 23% on Friday to establish a new 52-week low at $4.29 against a high of $8.60. Volume was about 4-times the daily average of around 7.6 million shares. The gold mining stock was hit after the new Greek government expressed opposition to the company’s Skouries mine in the country.
Vale SA (NYSE: VALE) posted a new 52-week low on Friday of $6.69. Based on Thursday night’s closing price of $6.91 that’s a drop of about 3.2%. The stock’s 52-week high is $15.59. Volume is about 20% higher than the daily average of around 29 million shares. The company had no specific news today.
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