MBIA Inc. (NYSE: MBI) posted a new 52-week low on Tuesday. Shares dropped another 22% to a low of $4.94 from Monday’s closing price of $6.37. The stock’s 52-week high is $11.44. Volume totaled more than 37 million shares, nearly 12-times higher than the stock’s daily average of around 3.1 million. The company’s exposure to Puerto Rico continues to bludgeon the stock.
Micron Technology Inc. (NASDAQ: MU) dropped about 1% on Tuesday to post a new 52-week low of $18.55 against a 52-week high of $36.59. The stock closed at $18.73 on Monday night. Volume totaled around 28 million shares, nearly 10% above the daily average of almost 25 million. The company’s stock continues to slide although the change is smaller today than it has been for the past couple of sessions.
BlackBerry Ltd. (NASDAQ: BBRY) dropped about 3% on Tuesday to post a new 52-week low at $8.04 after closing at $8.29 on Monday. The stock’s 52-week high is $12.63. Share volume totaled more than 12 million, nearly 30% above the daily average of around 8.8 million shares traded. The company had no specific news today.
Wal-Mart Stores Inc. (NYSE: WMT) dropped about 1% on Tuesday to post a new 52-week low of $70.78 after closing at $71.42 on Monday. The stock’s 52-week high is $90.97. Share volume totaled more than 10 million shares, about 25% above the daily average of around 7.3 million. The company has taken some criticism for its labeling of products made offshore as Made in the USA.
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