The 52-Week Low Club for Thursday
February 11, 2016: Here are four stocks trading with heavy volume among 769 equities making new 52-week lows today. Bank of America Corp. (NYSE: BAC ) dropped about 8.3% on Thursday to post a new 52-week low at $10.99 after…
February 11, 2016: Here are four stocks trading with heavy volume among 769 equities making new 52-week lows today.
Bank of America Corp. (NYSE: BAC ) dropped about 8.3% on Thursday to post a new 52-week low at $10.99 after closing at $11.98 on Wednesday. The stock’s 52-week high is $18.48. Share volume totaled about 3 times the daily average of around 108 million shares traded. The big bank is worrisome to investors with all the concerns over negative interest rates.
Citigroup Inc. (NYSE: C) posted a new 52-week low on Thursday. Shares traded at a low of $34.52, down about 7.7%, after closing at $37.41 on Wednesday. The stock’s 52-week high is $60.95. Volume of nearly double the daily average of around 22 million shares. Another victim of investor concern over where bank profits are likely to go.
Twitter Inc. (NYSE: TWTR) fell by about 7.1% on Thursday to post a new 52-week low of $13.91 against a high of $91.34. The stock closed at $14.98 on Wednesday night. Volume rose to about 34 million, about 60% above the daily average of about 20 million shares traded. Investors worry that user growth is stalled at the social media company.
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The Boeing Co. (NYSE: BA) dropped about 12.3% on Thursday to post a new 52-week low of $120.10 against a 52-week high of $158.83. The stock closed at $116.36 on Wednesday night. Volume reached nearly 32 million shares, about 7 times the stock’s daily average volume of around 4.8 million. A report at Bloomberg cites sources who say the company’s program accounting method is being investigated by the SEC.
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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.