The 52-Week Low Club for Thursday
Ensco plc (NYSE: ESV) dropped about 9.1% on Thursday to establish a new 52-week low at $24.160 against a high of $55.89. Volume was about double the daily average of around 5.8 million shares. The offshore oil & gas drilling contractor reported weak results this morning.
CenterPoint Energy Inc. (NYSE: CNP) posted a new 52-week low on Thursday. Shares dropped about 3.4% to $20.83 from Wednesday’s closing price of $21.57. The stock’s 52-week high is $54.00 Volume is about 25% higher than the daily average of around 4 million shares. Another utility that has posted disappointing results.
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) dropped about 5.6% on Thursday to post a new 52-week low of $46.85 after closing at $49.63 on Wednesday. The stock’s 52-week high is $124.42 Share volume was nearly double the daily average of around 2.3 million shares traded. The China-based Internet and mobile services company had no specific news again today, but still suffers from lowered earnings estimates and a stock downgrade.
Abercrombie & Fitch Co. (NYSE: ANF) dropped about 7% on Thursday to post a new 52-week low of $23.12 after closing at $24.86 on Wednesday. The stock’s 52-week high is $45.50. Share volume was nearly 60% above the daily average of around 2.5 million shares traded. The teen retailer is fighting a case in the U.S. Supreme Court and took a ratings cut as well this morning.