October 27, 2015: Here are four stocks trading with heavy volume among 175 equities making new 52-week lows today.
Marvell Technology Group Ltd. (NASDAQ: MRVL) dropped about 20% on Tuesday to post a new 52-week low of $7.55 against a high of $16.78. The stock closed at $9.45 on Monday night. Volume was nearly 6 times the daily average of around 8 million shares traded. The chipmaker’s accounting firm resigned today.
GrubHub Inc. (NYSE: GRUB) posted a new low on Tuesday. Shares dropped nearly 30% to a low of $22.49 from Monday’s closing price of $32.09. The stock’s 52-week high is $47.95. Volume was about 13 times the daily average of around 2.5 million. The company posted weak earnings and offered weak guidance this morning.
Xerox Corp. (NYSE: XRX) dropped about 8.3% on Tuesday to post a new 52-week low of $9.20 against a 52-week high of $14.36. The stock closed at $10.03 on Monday night. Volume was more than double the daily average of around 12.8 million shares traded. The venerable technology company reported weak results on Monday.
CONSOL Energy Inc. (NYSE: CNX) dropped around 22% on Tuesday to post a new 52-week low at $6.96 after closing at $8.86 on Monday. The stock’s 52-week high is $42.26. Share volume was more than triple the daily average of around 7.3 million. The coal and natural gas provider posted weak results this morning.