The 52-Week Low Club for Thursday
ThinkstockAugust 27, 2015: Here are four stocks trading with heavy volume among the 36 equities making new 52-week lows today. Barrick Gold Corp. (NYSE: ABX) dropped fractionally on Thursday to post a new 52-week low at $6.51 after closing at…
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August 27, 2015: Here are four stocks trading with heavy volume among the 36 equities making new 52-week lows today.
Barrick Gold Corp. (NYSE: ABX) dropped fractionally on Thursday to post a new 52-week low at $6.51 after closing at $6.53 on Wednesday. The stock’s 52-week high is $18.43. Share volume was a third higher than the daily average of around 18 million. This week’s slide in gold prices has done nothing positive for gold mining stocks.
Republic Airways Holdings Inc. (NASDAQ: RJET) posted a new 52-week low on Thursday. Shares dropped about 7.1% to a low of $1.97 from Wednesday’s closing price of $2.12. The stock’s 52-week high is $15.36. Volume totaled nearly 4 times the daily average of around 2 million. The regional airlines has not been able to reach agreement on a new contract with its pilots.
Tiffany & Co. (NYSE: TIF) dropped about 10.7% on Thursday to post a new 52-week low of $76.00 against a 52-week high of $110.60. The stock closed at $85.08 on Wednesday night. Volume was nearly 4 times the daily average of around 1.2 million shares traded. The company reported earnings this morning, and offered a weak full-year outlook.
Compañia de Minas Buenaventura SAA (NYSE: BVN) dropped about 1.2% on Thursday to set a new 52-week low of $5.73 after closing at $5.80 on Wednesday. The stock’s 52-week high is $14.82. Share volume totaled around 1.5 million shares, about equal to the daily average of around 1.6 million. The Peru-based precious metals miner had no specific news today, but weak gold prices are a weight on the stock price.
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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.