December 1, 2015: Here are four stocks trading with heavy volume among 57 equities making new 52-week lows today.
Kinder Morgan Inc. (NYSE: KMI) dropped about 5.1% on Tuesday to post a new 52-week low of $22.37 against a 52-week high of $44.71. The stock closed at $23.57 on Monday night. Volume was about 30% above the daily average of around 18 million shares traded. The company’s debt was downgraded at Moody’s today.
Vale SA (NYSE: VALE) posted a new low on Tuesday. Shares dropped about 2.7% to a low of $3.26 from Monday’s closing price of $3.37. The stock’s 52-week high is $9.14. Volume was about 25% below the daily average of around 25.7 million shares. The company estimated a negative impact of $443 million related to the recent dam failure, and is also planning to cut spending next year..
Joy Global Inc. (NYSE: JOY) dropped more than 15% on Tuesday to post a new 52-week low of $13.00 against a high of $54.19. The stock closed at $15.35 on Monday night. Volume totaled about 3 times the daily average of around 5.3 million shares traded. The heavy equipment maker’s rating was cut to Underperform at Merrill Lynch today.
Cummins Inc. (NYSE: CMI) dropped by about 8.4% on Tuesday to post a new 52-week low at $91.92 after closing at $100.37 on Monday. The stock’s 52-week high is $151.25. Share volume was about 5 times the daily average of around 2.2 million. The engine maker was also hit with a downgrade from Merrill Lynch today.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.