The 52-Week Low Club for Tuesday
ThinkstockApril 7, 2015: Here are four stocks among the 30 equities making new 52-week lows today. None of the stocks posting a new low today has traded more than 1 million shares a day on average for the past 30…
April 7, 2015: Here are four stocks among the 30 equities making new 52-week lows today. None of the stocks posting a new low today has traded more than 1 million shares a day on average for the past 30 days.
Resonant Inc. (NASDAQ: RESN) dropped about 5% on Tuesday to post a new 52-week low of $4.19 after closing at $4.41 on Monday. The stock’s 52-week high is $19.86. Share volume totaled about double the daily average of around 287,000 shares traded. The technology company lost a contract with its first customer last week and shares dropped to a 52-week low yesterday and fell further today.
Ceasars Acquisition Co. (NASDAQ: CACQ) dropped about 7.7% on Tuesday to post a new 52-week low of $6.09 after closing at $6.60 on Monday. The stock’s 52-week high is $14.45. Share volume was about half the daily average of around just 92,000 shares traded. The company had no news today.
Sears Hometown and Outlet Stores Inc. (NASDAQ: SHOS) dropped about 2.3% on Tuesday to post a 52-week low at $7.15 against a 52-week high of $24.63. Shares closed at $7.32 Monday night. Volume was about double the daily average of around 100,000 shares. The company had no news today.
Peak Resorts Inc. (NASDAQ: PEAK) posted a new 52-week low on Tuesday. Shares dropped about 4.8% to $5.79 from Monday’s closing price of $6.08. The stock’s 52-week high is $62.05. Volume is about 15% above the daily average of around 68,000 shares. The resort operator 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.