The 52-Week Low Club for Friday
ThinkstockJune 12, 2015: Here are four stocks among the 65 equities making new 52-week lows today. Peabody Energy Corp. (NYSE: BTU) posted a new 52-week low on Friday. Shares dropped about 8.3% to a low of $2.55 from Thursday’s closing…
June 12, 2015: Here are four stocks among the 65 equities making new 52-week lows today.
Peabody Energy Corp. (NYSE: BTU) posted a new 52-week low on Friday. Shares dropped about 8.3% to a low of $2.55 from Thursday’s closing price of $2.78. The stock’s 52-week high is $17.21 Volume totaled about 20 million shares, about 65% of the daily average of around 13.9 million shares. The coal company cut 250 jobs on Wednesday and now faces a threat of higher insurance costs.
Chesapeake Energy Corp. (NYSE: CHK) dropped about 3.2% on Friday to post a new 52-week low of $12.10 after closing at $12.50 on Thursday. The stock’s 52-week high is $29.92. Share volume approached 17 million, about a quarter less than the daily average of around 22.5 million shares traded. The company’s stock may still be feeling the effects of yesterday’s downgrade, combined with lower prices for both oil and natural gas.
Micron Technology Inc. (NASDAQ: MU) dropped about 1.2% on Friday to post a new 52-week low of $24.71 against a 52-week high of $36.59. The stock closed at $25.02 on Thursday night. Volume totaled nearly 18 million shares, about 80% of the daily average of around 22.5 million shares. The company to a price target cut from Pacific Crest this morning, from $39 to $32 while maintaining a Buy rating, and there were reports that Drexel Hamilton cut its rating to Sell.
Keurig Green Mountain Inc. (NASDAQ: GMCR) dropped about 4.1% on Friday to post a new 52-week low of $80.83 after closing at $84.30 on Thursday. The stock’s 52-week high is $158.87. Share volume totaled about 2.6 million shares, about 25% above the daily average of around 2.2 million. The company’s rating was cut from Buy to Neutral at UBS.
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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.