Investing

The 52-Week Low Club for Tuesday

down market
Source: Thinkstock
June 2, 2015: Here are four stocks among the 42 equities making new 52-week lows today.

Ceasars Entertainment Corp. (NASDAQ: CZR) dropped 10.3% on Tuesday to post a new 52-week low of $7.05 after closing at $7.86 on Monday. The stock’s 52-week high is $18.91. Share volume was around 4 million shares, far above the daily average of less than 900,000 shares traded. The company lost a court ruling yesterday that could expose the company to more creditor claims connected with its bankrupt subsidiary.

CenturyLink Inc. (NYSE: CTL) posted a new 52-week low on Tuesday. Shares dropped about 0.5% to $32.71 from Monday’s closing price of $32.87. The stock’s 52-week high is $45.67. Volume totaled about 3.5 million shares, below the daily average of around 4.2 million shares. The company had no specific news today.

OGE Energy Corp. (NYSE: OGE) dropped about 2.6% on Tuesday to post a new 52-week low of $30.50 after closing at $31.30 on Monday. The stock’s 52-week high is $39.28. Share volume totaled around 1.2 million, a little above the daily average of around 1.15 million shares traded. The company’s CEO stepped down yesterday.

YRC Worldwide Inc. (NASDAQ: YRCW) dropped about 2.3% on Tuesday to post a new 52-week low of $12.90 against a 52-week high of $29.21. The stock closed at $13.20 on Monday night. Volume reached about 550,000 shares, about 10% above the daily average of around 500,000 shares. The company had no news today, but is getting hit by the downturn in transportation stocks.

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