The 52-Week Low Club for Tuesday
Southwestern Energy Co. (NYSE: SWN) dropped about 2% on Tuesday to post a new 52-week low of $11.79 against a 52-week high of $37.26. The stock closed at $12.03 on Monday night. Volume was about 15% below the daily average of around 11.2 million shares traded. The company had no specific news today. Shares are on track to post a daily gain of more than 1% about 30 minutes before the closing bell.
VMware Inc. (NYSE: VMW) dropped about 5.5% on Tuesday to post a new 52-week low at $68.28 after closing at $72.27 on Monday. The stock’s 52-week high is $93.43. Share volume was nearly 4 times the daily average of around 2 million. The company’s continues to suffer from the proposed Dell acquisition of EMC. Analysts at JMP Securities cut their rating on the stock from Outperform to Market Perform.
Heartware International Inc. (NASDAQ: HTWR) dropped nearly 21% on Tuesday to post a new 52-week low of $34.86 against a high of $95.59. The stock closed at $44.03 on Monday night. Volume was more than 10 times the daily average of around 500,000 shares traded. The company said today that it may not restart a previously expected clinical trial of its MVAD heart pump in November.
Ryder System Inc. (NYSE: R) posted a new low on Tuesday. Shares dropped about 9.8% to a low of $68.24 from Monday’s closing price of $75.65. The stock’s 52-week high is $100.64. Volume was more than 5 times the daily average of around 820,000. The company lowered its comparable earnings estimate Tuesday morning.