Advanced Micro Devices Inc. (NASDAQ: AMD) dropped about 18% on Tuesday to post a new 52-week low of $2.02 after closing at $2.47 on Monday. The stock’s 52-week high is $4.80. Share volume totaled more than 41 million shares, nearly 3-times the daily average of around 15 million. The company cut guidance on weak demand for PCs.
Vale SA (NYSE: VALE) posted a new 52-week low on Tuesday. Shares dropped about 7.3% to a low of $5.20 from Monday’s closing price of $5.61. The stock’s 52-week high is $14.93. Volume totaled more than 41 million shares, about 25% higher than the stock’s daily average of around 33 million. The price of iron ore dropped below $50 a tonne today, driving Vale’s stock down.
Micron Technology Inc. (NYSE: MU) dropped about 5.2% on Tuesday to post a new 52-week low at $17.37 after closing at $18.32 on Monday. The stock’s 52-week high is $36.59. Share volume totaled around 40 million, about 60% above the daily average of around 24 million shares traded. The company was hit by the bad news from AMD.
Alibaba Group Holding Ltd. (NYSE: BABA) dropped about 5% on Tuesday to post a new 52-week low of $76.21 against a 52-week high of $120.00. The stock closed at $80.23 on Monday night. Volume totaled nearly 32 million shares, about double the daily average of around 16 million. The stock plummeted on the continuing dive in Chinese stocks trade in China.
Top Gaining Stocks
Top Losing Stocks