The 52-Week Low Club for Tuesday
ThinkstockMay 12, 2015: Here are four stocks among the 92 equities making new 52-week lows today. Avon Products Inc. (NYSE: AVP) dropped about 3.6% on Tuesday to post a new 52-week low of $6.75 after closing at $7.00 on Monday.…
May 12, 2015: Here are four stocks among the 92 equities making new 52-week lows today.
Avon Products Inc. (NYSE: AVP) dropped about 3.6% on Tuesday to post a new 52-week low of $6.75 after closing at $7.00 on Monday. The stock’s 52-week high is $15.10. Share volume was about 40% lower than the daily average of around 13.5 million shares traded. The stock continues to post lower lows as hope for a buyout fade.
ITT Educational Services Inc. (NYSE: ESI) dropped nearly 49% on Tuesday to post a new 52-week low of $2.07 against a 52-week high of $26.10. The stock closed at $4.02 on Monday night. Volume was about 20–times the daily average of around 350,000 shares. The for-profit education company was sued for fraud today by the U.S. Securities and Exchange Commission.
Noranda Aluminum Holding Corp. (NYSE: NOR) posted a new 52-week low on Tuesday. Shares dropped 30% to $2.10 from Monday’s closing price of $3.00. The stock’s 52-week high is $5.64. Volume was about 14-times the daily average of around 355,000 shares. The company’s stock collapsed when Apollo Global Management dumped nearly 23 million shares this morning.
Xerox Corp. (NYSE: XRX) dropped about 1.1% on Tuesday to post a new 52-week low of $11.12 after closing at $11.24 on Monday. The stock’s 52-week high is $14.36. Share volume was about a third higher than the daily average of around 9 million shares traded. The company had no specific 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.