June 15, 2015: Here are four stocks among the 127 equities making new 52-week lows today.
Frontier Communications Corp. (NASDAQ: FTR) posted a new 52-week low on Monday. Shares dropped about 2% to a low of $4.86 from Friday’s closing price of $4.96. The stock’s 52-week high is $8.46. Volume totaled more than 21 million shares, about 65% above the daily average of around 22.5 million shares. The company had no specific news today.
Micron Technology Inc. (NASDAQ: MU) dropped about 5.7% on Monday to post a new 52-week low of $23.70 against a 52-week high of $36.59. The stock closed at $25.13 on Friday night. Volume totaled more than 36 million shares, about 80% of the daily average of around 22.5 million shares. Morgan Stanley cut the stock’s rating fro Equal Weight to Underweight and lowered the target price from $30 to $21.
Twitter Inc. (NYSE: TWTR) dropped about 4.4% on Monday to post a new 52-week low of $34.31 after closing at $35.90 on Friday. The stock’s 52-week high is $55.99. Share volume totaled more than 28 million, about a third higher than the daily average of around 21.2 million shares traded. The CEO’s sudden resignation last week continues to weigh on the shares.
Peabody Energy Corp. (NYSE: BTU) dropped more than 7% on Monday to post a new 52-week low of $2.35 after closing at $2.53 on Friday. The stock’s 52-week high is $17.21. Share volume totaled around 19 million shares, about 30% above the daily average of around 14 million. The company had no specific news today.
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