The 52-Week Low Club for Tuesday
October 20, 2015: Here are four stocks trading with heavy volume among 46 equities making new 52-week lows today.
Harley-Davidson Inc. (NYSE: HOG) dropped about 17% on Tuesday to post a new 52-week low of $46.52 against a high of $70.41. The stock closed at $56.05 on Monday night. Volume was about 12 times the daily average of around 2.5 million shares traded. The company reported weak results and plans to cut jobs.
International Business Machines Corp. (NYSE: IBM) dropped about 6% on Tuesday to post a new 52-week low of $140.27 against a 52-week high of $176.30. The stock closed at $149.22 on Monday night. Volume was about triple the daily average of around 4.3 million shares traded. The technology giant posted disappointing results after markets closed on Monday night.
Seagate Technology PLC (NASDAQ: STX) dropped about 2.6% on Tuesday to post a fourth consecutive 52-week low at $37.73 after closing at $38.75 on Monday. The stock’s 52-week high is $69.40. Share volume was nearly 35% above the daily average of around 5.3 million. The company warned on third quarter earnings last Thursday, and shares have lost ground ever since.
Brinker International Inc. (NYSE: EAT) posted a new low on Tuesday. Shares dropped about 8.7% to a low of $47.07 from Monday’s closing price of $51.57. The stock’s 52-week high is $63.40. Volume was nearly 5 times the daily average of around 1.2 million. The operator of restaurant chains Chili’s and Maggiano’s Little Italy beat earnings expectations Tuesday morning, but missed on revenues.