Investing

Valero Tops Thursday's 52-Week Low Club

Paul Ausick

June 30, 2016: Here are four stocks trading with relatively heavy volume among 33 equities making new 52-week lows in Thursday’s session. NYSE advancers led decliners by about 3 to 1 and Nasdaq advancers led decliners by a margin of more than 3 to 2.

Valero Corp. (NYSE: VLO) fell by about 3.9% on Thursday to post a new 52-week low of $49.91 against a high of $73.88. The stock closed at $51.92 on Wednesday night. Volume reached around 7million shares, about 20% above the stock’s daily average of around 5.7 million. The company was among a number of oil refiners reportedly served with subpoenas by the California attorney general for information in an investigation of artificially high gasoline prices.

Community Health Systems Inc. (NYSE: CYH) dropped about 6% on Thursday to post a new 52-week low of $11.70 against a 52-week high of $52.80. Volume is about 25% above the daily average of around 3.8 million. The stock closed at $12.46 on Wednesday night. The services provider had no specific news.

Fibria Celulose SA (NYSE: FBR) dropped about 2.6% on Thursday to post a new 52-week low of $6.69 against a 52-week high of $14.94. Volume was more than 4 times higher than the daily average of around 1.6 million. The stock closed at $6.87 on Wednesday night. The company had no specific news Thursday.

Scorpio Tankers Inc. (NYSE: STNG) posted a new 52-week low on Thursday. Shares traded at a low of $4.10, down 6.8%, after closing at $4.40 on Wednesday. The stock’s 52-week high is $11.64. Volume was more than 50% above the daily average of around 2.3 million shares. The oil and refined products shipper’s rating was cut to Sell this morning at ABN Amro.