The 52-Week Low Club for Wednesday
ThinkstockSeptember 2, 2015: Here are four stocks trading with heavy volume among 95 equities making new 52-week lows today. Barrick Gold Corp. (NYSE: ABX) dropped about 3.7% on Wednesday to post a new 52-week low of $6.25 against a 52-week…
September 2, 2015: Here are four stocks trading with heavy volume among 95 equities making new 52-week lows today.
Barrick Gold Corp. (NYSE: ABX) dropped about 3.7% on Wednesday to post a new 52-week low of $6.25 against a 52-week high of $18.13. The stock closed at $6.75 on Tuesday night. Volume is roughly 20% below the daily average of around 19 shares traded. The company’s stock is likely reacting to a sixth loss in eight trading sessions for the yellow metal.
Itaú Unibanco Holding SA (NYSE: ITUB) dropped 2% on Wednesday to post a new 52-week low at $6.86 after closing at $7.00 on Tuesday. The stock’s 52-week high is $18.49. Share volume was about 20% below the daily average of around 16 million. The Brazilian bank had no specific news today.
Autodesk Inc. (NASDAQ: ADSK) posted a new 52-week low on Wednesday. Shares dropped about 2.3% to a low of $44.46 from Tuesday’s closing price of $42.49. The stock’s 52-week high is $65.00. Volume totaled about double the daily average of around 2.7 million. The software company had no specific news today.
Olin Corp. (NYSE: OLN) dropped about 7.3% on Wednesday to set a new 52-week low of $18.21 after closing at $19.65 on Tuesday. The stock’s 52-week high is $34.34. Share volume totaled around 5.4 million shares, nearly 5 times the daily average of around 1.1 million. The chemicals maker had no specific news today.
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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.