December 16, 2015: Here are four stocks trading with heavy volume among 126 equities making new 52-week lows today.
Chesapeake Energy Corp. (NYSE: CHK) dropped about 5.1% on Wednesday to post a new 52-week low of $3.57 against a 52-week high of $21.49. The stock closed at $3.76 on Tuesday night. Volume topped 24 million shares, about 20% above the daily average of around 21 million shares traded. The company today extended its early tender offer deadline to exchange certain debt has been extended to December 18th. The tender offer is now set to expire on December 30th.
Southwestern Energy Co. (NYSE: SWN) slipped nearly 6% on Wednesday to post a new 52-week low of $5.05 against a high of $31.49. The stock closed at $5.37 on Tuesday night. Volume was about 60% higher than the daily average of around 15 million shares traded. The energy company had no specific news again today, but falling crude prices exacted another toll on the stock.
Denbury Resources Inc. (NYSE: DNR) posted a new low on Wednesday. Shares dropped about 11.8% to a low of $2.02 from Tuesday’s closing price of $2.29. The stock’s 52-week high is $9.53. Volume was about 70% above the daily average of around 12 million shares. Another energy stock getting battered by falling crude oil prices.
Joy Global Inc. (NYSE: JOY) dropped about 9% on Wednesday to post a new 52-week low at $10.42 after closing at $11.46 on Tuesday. The stock’s 52-week high is $49.02. Share volume was about triple the daily average of around 5 million. The company beat estimates this morning, and the stock turned around after an early tumble and looks set to close up about 6% for the day.
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