April 19, 2016: Here are three stocks trading with relatively heavy volume among 9 equities making new 52-week lows in Tuesday’s session. NYSE advancing stocks beat decliners by more than 2 to 1 and Nasdaq decliners led advancers by 51% to 46% in Tuesday’s trading.
Calumet Specialty Products Partners LP (NASDAQ: CLMT) posted a new 52-week low on Tuesday. Shares traded at a low of $4.45, down about 16%, after closing at $5.30 on Monday. The stock’s 52-week high is $28.49. Volume totaled about 6 times the daily average of around 800,000 shares. Today’s downdraft was less than half as bad as Monday’s, when the shares dropped by half and the volume reached 15 times the daily average. The refining and marketing firm suspended distributions and completed a private placement of $400 million in new debt at 11.5% interest.
Liberty Media Corp. (NASDAQ: LMCA) dropped about 2.7% on Tuesday to post a new 52-week low at $18.51 after closing at $19.01 on Monday. The stock’s 52-week high is $42.22. Share volume of around 3 million was about 3 times the daily average of about 1 million shares traded. On Monday, the media company completed its reclassification of common stock into three new tracking stocks, one for the company’s media properties, one for SiriusXM radio, and one for the Atlanta Braves major league baseball team.
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Liberty Media Corp. (NASDAQ: LMCK) fell by about 1.7% on Tuesday to post a new post-IPO low of $17.76 against a high of $40.61. The stock closed at $18.15 on Monday night. Volume totaled about 1.3 million shares on its second day of trading. This is the Liberty Media tracking stock for the Atlanta Braves. Make sure to get the share certificates–they make great souvenirs.
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