The 52-Week Low Club for Friday
ThinkstockMay 22, 2015: Here are four stocks among the 60 equities making new 52-week lows today. Frontier Communications Inc. (NASDAQ: FTR) dropped about 3.7% on Friday to post a new 52-week low of $5.14 after closing at $5.34 on Thursday.…
May 22, 2015: Here are four stocks among the 60 equities making new 52-week lows today.
Frontier Communications Inc. (NASDAQ: FTR) dropped about 3.7% on Friday to post a new 52-week low of $5.14 after closing at $5.34 on Thursday. The stock’s 52-week high is $8.46. Share volume was about 90% above the daily average of around 10.5 million shares traded. The company had no specific news again today, but this is the third consecutive day the communications firm has posted a new 52-week low.
Windstream Holdings Inc. (NASDAQ: WIN) dropped about 5.5% on Friday to post a new 52-week low of $8.05 after closing at $8.52 on Thursday. The stock’s 52-week high is $20.84. Share volume was more than 15% below the daily average of around 8.5 million shares traded. The company had no specific news today.
Lumber Liquidators Holdings Inc. (NYSE: LL) posted a new 52-week low on Friday. Shares dropped about 2.6 to $20.55 from Thursday’s closing price of $21.10. The stock’s 52-week high is $84.77. Volume was about 40% below the daily average of around 6 million shares. The company’s CEO unexpectedly resigned yesterday, sending the stock down 17% on Thursday.
Norfolk Southern Corp. (NYSE: NSC) dropped about 1.6% on Friday to post a new 52-week low of $95.51 against a 52-week high of $117.64. The stock closed at $97.11 on Thursday night. Volume was about 20% lower than the daily average of around 2.3 million shares. The company had no specific news today, but railroads continue to suffer from low coal shipments.
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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.