The 52-Week Low Club for Wednesday
ThinkstockJune 24, 2015: Here are four stocks among the 42 equities making new 52-week lows today. Alcoa Inc. (NYSE: AA) dropped about just 0.4% on Wednesday to post a new 52-week low at $11.69 after closing at $11.74 on Tuesday.…
June 24, 2015: Here are four stocks among the 42 equities making new 52-week lows today.
Alcoa Inc. (NYSE: AA) dropped about just 0.4% on Wednesday to post a new 52-week low at $11.69 after closing at $11.74 on Tuesday. The stock’s 52-week high is $17.75. Share volume totaled about 14 million, about 33% below the daily average of around 21 million shares traded. The company had no specific news today.
New Senior Investment Group Inc. (NYSE: SNR) dropped about 2.8% on Wednesday to post a new 52-week low of $13.75 against a 52-week high of $20.20. The stock closed at $14.14 on Tuesday night. Volume totaled more than 10 million shares, about 25-times the daily average of 400,000. The company priced a secondary offering of 17.5 million shares at $13.75 this morning.
NRG Yield Inc. (NYSE: NYLD) dropped about 1.7% on Wednesday to post a new 52-week low of $22.25 after closing at $22.64 on Tuesday. The stock’s 52-week high is $28.11. Share volume totaled around 10 million shares, more than 12-times the daily average of around 830,000. Late yesterday the company priced a secondary offering of 24.5 million common stock at $22 a share.
CenturyLink Inc. (NYSE: CTL) posted a new 52-week low on Wednesday. Shares dropped about 3.2% to a low of $31.51 from Tuesday’s closing price of $32.55. The stock’s 52-week high is $45.67. Volume totaled around 9 million shares, more than double the stock’s daily average of around 4 million. 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.