The 52-Week Low Club for Thursday
ThinkstockApril 16, 2015: Here are four stocks among the 16 equities making new 52-week lows today. Annaly Capital Management Inc. (NYSE: NLY) dropped about 0.5% on Thursday to post a new 52-week low of $10.21 against a high of $11.95.…
April 16, 2015: Here are four stocks among the 16 equities making new 52-week lows today.
Annaly Capital Management Inc. (NYSE: NLY) dropped about 0.5% on Thursday to post a new 52-week low of $10.21 against a high of $11.95. The stock closed at $10.26 on Wednesday night. Volume was more than 40% below the daily average of around 8 million shares. The company had no specific news again today, but this is the second consecutive day that shares have dipped to a new low.
RCS Capital Corp. (NYSE: RCAP) dropped about 3.9% on Thursday to post a new 52-week low of $8.54 after closing at $8.89 on Wednesday. The stock’s 52-week high is $37.56. Share volume was more than double the daily average of around 800,000 shares traded. The brokerage firm had no specific news today.
ForceField Energy Inc. (NASDAQ: FNRG) dropped about 25% on Thursday to post a new 52-week low of $4.53 after closing at $6.05 on Wednesday. The stock’s 52-week high is $7.84. Share volume totaled more than 10-times the daily average of around 95,000 shares traded. The company was hit yesterday by a report from MoxReports related to paid stock promotion and connections to past fraudulent activity.
MaxPoint Interactive Inc (NYSE: MXPT) also posted a new 52-week low on Thursday. Shares dropped about 6% to $7.53 from Wednesday’s closing price of $8.00. The stock’s 52-week high is $11.24. Volume is about double the daily average of around 480,000 shares. The digital ad company’s stock has dropped more than 28% since it’s early March IPO.
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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.