November 20, 2015: Here are four stocks trading with heavy volume among 115 equities making new 52-week lows today.
SunEdison Inc. (NYSE: SUNE) posted a new low on Friday. Shares dropped nearly 11% to a low of $2.55 from Thursday’s closing price of $2.86. The stock’s 52-week high is $33.45. Volume was about a third above the daily average of about 41 million shares. One of the company’s senior unsecured notes traded below $40 on Friday, down from $228 in mid-July.
Chesapeake Energy Corp. (NYSE: CHK) dropped about 6.3% on Friday to post a new 52-week low of $5.06 against a high of $24.43. The stock closed at $5.40 on Thursday night. Volume reached nearly 50% more than the daily average of around 19 million shares traded. The oil and gas producer’s debt took another tumble today.
Mentor Graphics Corp. (NASDAQ: MENT) dropped about 35% on Friday to post a new 52-week low of $18.00 against a 52-week high of $28.09. The stock closed at $27.78 on Thursday night. Volume was more than 20 times the daily average of around 750,000 shares traded. The design automation company’s stock was blistered by a weak fourth-quarter outlook delivered with Q3 results on Thursday night.
United States Steel Corp. (NYSE: X) dropped by about 9% on Friday to post a new 52-week low at $8.75 after closing at $9.63 on Thursday. The stock’s 52-week high is $36.40. Share volume was about 25% above the daily average of around 11 million. The steelmaker had no specific news today.