The 52-Week Low Club for Tuesday
May 31, 2016: Here are four stocks trading with relatively heavy volume among 14 equities making new 52-week lows in Tuesday’s session. NYSE advancers led decliners by about 5 to 4 while Nasdaq advancers led decliners by the same margin.…
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May 31, 2016: Here are four stocks trading with relatively heavy volume among 14 equities making new 52-week lows in Tuesday’s session. NYSE advancers led decliners by about 5 to 4 while Nasdaq advancers led decliners by the same margin.
Coca-Cola European Partners plc (NYSE: CCE) posted a new 52-week low on Tuesday. Shares traded at a low of $37.73, down about 27%, after closing at $51.55 on Friday. The stock’s 52-week high is $54.54. Volume was nearly 3 times the daily average of around 10.8 million shares. The company completed a merger of three European bottlers that now trade under the same ticker symbol for the old Coca-Cola Enterprises.
Embraer SA (NYSE: ERJ) dropped by about 1.9% onTuesday to post a new 52-week low at $20.68 after closing at $21.08 on Friday. The stock’s 52-week high is $32.50. Daily volume totaled about 25% below the average of around 1.3 million shares. The Brazilian aircraft maker had no specific news Tuesday.
[nativounit]
Cal-Maine Foods Inc. (NASDAQ: CALM) dropped about 3.6% onTuesday to post a new 52-week low of $44.11 against a 52-week high of $63.25. The stock closed at $45.74 on Friday night. Volume was about 25% below the stock’s daily average volume of around 720,000 shares. The food processor had no specific news.
Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH) fell almost 3% on Tuesday to post a new 52-week low of $8.54 against a high of $14.91. The stock closed at $8.80 on Friday night. Volume was nearly equal to the stock’s daily average of around 527,000. The sporting goods retailer had no specific news either on Tuesday.
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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.