November 2, 2015: Here are four stocks trading with heavy volume among 42 equities making new 52-week lows today.
HP Inc. (NYSE: HPQ) is among the day’s most heavily traded stocks and is listed as one the day’s big losers even though shares traded higher on a post-split basis. The company is the printer and PC business of the former Hewlett-Packard Co., which also split off its enterprise division into a new company called Hewlett Packard Enterprise Co. (NYSE: HPE). HPQ stock traded up about 13% on more than triple average daily volume of 14.9 million. HPE traded more than 31 million shares on its first day of trading and looks headed for a modest lost on Monday.
Wal-Mart Stores Inc. (NYSE: WMT) posted a new low on Monday. Shares dropped about 0.8% to a low of $56.77 from Friday’s closing price of $57.24. The stock’s 52-week high is $90.97. Volume was about 35% below the daily average of around 7.6 million. The company had no specific news today.
GoPro Inc. (NASDAQ: GPRO) dropped 2.8% on Monday to post a new 52-week low of $24.30 against a 52-week high of $87.50. The stock closed at $25.00 on Friday night. Volume was about 20% below the daily average of around 10.5 million shares traded. The company’s stock continues to be affected by a weak earnings report last week.
Whole Foods Market Inc. (NASDAQ: WFM) dropped around 0.8% on Monday to post a new 52-week low at $29.73 after closing at $29.96 on Friday. The stock’s 52-week high is $57.57. Share volume was about equal to the daily average of around 5.5 million. The company is scheduled to report earnings after markets close on Wednesday.