The 52-Week Low Club for Wednesday
April 20, 2016: Here are three stocks trading with relatively heavy volume among 6 equities making new 52-week lows in Wednesday’s session. NYSE advancing stocks beat decliners by nearly 3 to 2 and Nasdaq advancers led decliners by about 5…
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April 20, 2016: Here are three stocks trading with relatively heavy volume among 6 equities making new 52-week lows in Wednesday’s session. NYSE advancing stocks beat decliners by nearly 3 to 2 and Nasdaq advancers led decliners by about 5 to 4 in Wednesday’s trading.
Liberty Media Corp. (NASDAQ: LMCK) fell by about 2.7% on Wednesday to post a new post-IPO low of $17.51 against a high of $40.61. The stock closed at $18.02 on Tuesday night. Volume totaled about 1.7 million shares on its third day of trading. The Liberty Media tracking stock had no specific news Wednesday.
Liberty Media Corp. (NASDAQ: LMCA) dropped about 4.3% on Wednesday to post a new 52-week low at $18.21 after closing at $19.03 on Tuesday. The stock’s 52-week high is $42.22. Share volume of around 1.5 million was about 50% above the daily average of about 1 million shares traded. The stock was downgraded at Buckingham Research Wednesday morning.
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Chiasma Inc. (NASDAQ: CHMA) posted a new 52-week low on Wednesday. Shares traded at a low of $3.53, down about 6.8%, after closing at $3.79 on Tuesday. The stock’s 52-week high is $30.52. Volume totaled about 2.5 times the daily average of around 460,000 shares. The company had no specific news.
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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.
