Investing

The 52-Week Low Club for Wednesday

down market
Source: Thinkstock
July 1, 2015: Here are four stocks among the 216 equities making new 52-week lows today.

Alcoa Inc. (NYSE: AA) posted a new 52-week low on Wednesday. Shares dropped about 1.9% to a low of $10.94 from Tuesday’s closing price of $11.157. The stock’s 52-week high is $17.75. Volume totaled more than 37 million shares, nearly 12-times higher than the stock’s daily average of around 3.1 million. The company had no specific news today.

Chesapeake Energy Corp. (NYSE: CHK) dropped about 5.7% on Wednesday to post a new 52-week low of $10.53 against a 52-week high of $29.53. The stock closed at $11.17 on Tuesday night. Volume totaled more than 16 million shares, about 30% below the daily average of almost 25 million. Shares are likely reacting to lower crude oil prices today.

Baxter International Inc. (NYSE: BAX) dropped about 1.5% on Wednesday to post a new 52-week low at $37.43 after closing at $37.99 on Tuesday. The stock’s 52-week high is $77.31. Share volume totaled well above 18 million, about 4-times the daily average of around 4.8 million shares traded. The company’s stock was downgraded to Neutral at Credit Suisse today.

Exxon Mobil Corp. (NYSE: XOM) dropped about 1.2% on Wednesday to post a new 52-week low of $82.21 after closing at $83.20 on Tuesday. The stock’s 52-week high is $104.76. Share volume totaled around 8.5 million shares, about 15% below the daily average of around 11vmillion. The company had no specific news today, but the EIA’s inventory report and the falling price for crude did Exxon no favors today.

ALSO READ: The Worst Companies to Work For

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.