The 52-Week Low Club for Tuesday
December 29, 2015: Here are four stocks trading with heavy volume among 37 equities making new 52-week lows today. WPX Energy Inc. (NYSE: WPX) dropped about 2.9% on Tuesday to post a new 52-week low at $5.05 after closing at…
December 29, 2015: Here are four stocks trading with heavy volume among 37 equities making new 52-week lows today.
WPX Energy Inc. (NYSE: WPX) dropped about 2.9% on Tuesday to post a new 52-week low at $5.05 after closing at $5.20 on Monday. The stock’s 52-week high is $14.65. Share volume of about 5.8 million was about 30% below the daily average of around 8.5 million shares traded. The independent oil & gas producer had no specific news today.
Sunstone Hotel Investors Inc. (NYSE: SHO) dropped about 9% on Tuesday to post a new 52-week low of $12.54 against a 52-week high of $18.01. The stock closed at $13.80 on Monday night. Volume reached 2.3 million shares, roughly equal to the stock’s daily average volume. The REIT had no specific news today.
Cowen Group Inc. (NASDAQ: COWN) slipped about 3.6% on Tuesday to post a new 52-week low of $3.77 against a high of $6.59. The stock closed at $3.91 on Monday night. Volume rose to around 1.1 million, about 10% higher than the daily average of around 980,000 shares traded. The asset management holding company had no specific news today.
Nimble Storage Inc. (NYSE: NMBL) posted a new low on Tuesday. Shares dropped about 2.4% to a low of $9.25 from Monday’s closing price of $9.48. The stock’s 52-week high is $32.16. Volume was about 35% lower than the daily average of around 1.5 million shares. The maker of flash-optimized storage products had no news today.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
