Investing

The 52-Week Low Club for Thursday

down market
Source: Thinkstock
July 30, 2015: Here are four stocks trading with heavy volume among the 124 equities making new 52-week lows today.

Whole Foods Market Inc. (NASDAQ: WFM) posted a new 52-week low on Thursday. Shares dropped about 13% to a low of $35.52 from Wednesday’s closing price of $40.82. The stock’s 52-week high is $86.88. Volume totaled nearly 34 million shares, more than seven times the daily average of around 4.5 million. The company posted weak results after markets closed Wednesday.

Twitter Inc. (NYSE: TWTR) dropped about 0.6% on Thursday to post a new 52-week low of $31.05 after closing at $31.24 on Wednesday. The stock’s 52-week high is $55.99. Share volume totaled around 28 million shares, about 30% more than the daily average of nearly 22 million. The stock has recovered since putting up a new low, and closed with a small gain on the day of 0.74%.

MGM Resorts International Ltd. (NYSE: MGM) dropped about 7.5% on Thursday to post a new 52-week low at $16.84 after closing at $18.22 on Wednesday. The stock’s 52-week high is $27.36. Share volume totaled about 16 million, about 60% above the daily average of about 10 million. A report that MGM may sell its Mirage property probably caused the skid; shares ended the day with a gain of nearly 8%.

Linn Energy LLC (NASDAQ: LINE) dropped about 28% on Thursday to post a new 52-week low of $4.65 against a 52-week high of $31.80. The stock closed at $6.46 on Wednesday night. Volume totaled nearly 20 million shares, about six times the daily average of around 3.3 million shares traded. The company missed estimates this morning and announced that it will suspend its distributions.

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