The 52-Week Low Club for Monday
ThinkstockAugust 3, 2015: Here are four stocks trading with heavy volume among the 251 equities making new 52-week lows today. Twitter Inc. (NYSE: TWTR) posted a new 52-week low on Monday. Shares dropped about 7.5% to a low of $28.69…
August 3, 2015: Here are four stocks trading with heavy volume among the 251 equities making new 52-week lows today.
Twitter Inc. (NYSE: TWTR) posted a new 52-week low on Monday. Shares dropped about 7.5% to a low of $28.69 from Friday’s closing price of $31.01. The stock’s 52-week high is $55.99. Volume totaled more than 42 million shares, around double the daily average of around 21 million. The company’s second quarter results and the uncertainty surrounding a new CEO continue weighing on the shares.
Freeport-McMoRan Inc. (NYSE: FCX) dropped about 5.4% on Monday to post a new 52-week low of $11.12 after closing at $11.75 on Friday. The stock’s 52-week high is $37.53. Share volume totaled around 18 million shares, about 5% below the daily average of around 19 million. The company had no specific news today.
Transocean Ltd. (NYSE: RIG) dropped about 7.5% on Monday to post a new 52-week low at $12.27 after closing at $13.26 on Friday. The stock’s 52-week high is $39.76. Share volume totaled nearly 20 million, about 80% above the daily average of around 11.8 million. The company had no news today, but is scheduled to report quarterly results before markets open on Tuesday.
Linn Energy LLC (NASDAQ: LINE) dropped about 19% on Monday to post a new 52-week low of $3.26 against a 52-week high of $31.80. The stock closed at $4.04 on Friday night. Volume totaled about 15 million shares, about four times the daily average of around 3.75 million shares traded. The company also dropped 28% on Thursday and 16% on Friday. Linn continues to pay the price of suspending its dividend payment.
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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.