February 9, 2016: Here are four stocks trading with heavy volume among 659 equities making new 52-week lows today.
Bank of America Corp. (NYSE: BAC) dropped about 2.5% on Tuesday to post a new 52-week low at $12.13 after closing at $12.95 on Monday. The stock’s 52-week high is $18.48. Share volume totaled more than 225 million shares compared with the daily average of around 104 million shares traded. The bank had no specific news today, but financial stocks are getting hit hard on concerns about revenues and profits going forward.
Citigroup Inc. (NYSE: C) posted a new 52-week low on Tuesday. Shares traded at a low of $36.68, down about 3%, after closing at $37.81 on Monday. The stock’s 52-week high is $60.95. Volume of about 36 million was about 70% above the daily average of around 22 million shares. Another big bank taking a share price hit on no news today
Twenty-First Century Fox Inc. (NASDAQ: FOXA) fell by about 7.8% on Tuesday to post a new 52-week low of $22.66 against a high of $35.85. The stock closed at $24.59 on Monday night. Volume rose to more than 30 million, nearly 3 times the daily average of about 11 million shares traded. The media company lowered its 2016 earnings forecast this morning.
24/7 Wall St.Zynga Inc. (NASDAQ: ZNGA) dropped about 7.7% on Tuesday to post a new 52-week low of $1.93 against a 52-week high of $3.13. The stock closed at $2.09 on Monday night. Volume reached about 31 million shares, about 3 times the stock’s daily average volume of around 10.3 million. The social game company is set to report earnings after markets close on Wednesday.
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