Ericsson, Verifone in Monday’s 52-Week Low Club
September 19, 2016: Here are four stocks trading with relatively heavy volume among 27 equities making new 52-week lows in Monday’s session. NYSE advancers led decliners by nearly 2 to 1 and Nasdaq advancers led decliners by less than 5…
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September 19, 2016: Here are four stocks trading with relatively heavy volume among 27 equities making new 52-week lows in Monday’s session. NYSE advancers led decliners by nearly 2 to 1 and Nasdaq advancers led decliners by less than 5 to 4.
Telefonaktiebolaget LM Ericsson (NASDAQ) dropped about 1% on Monday to post a new 52-week low of $6.68 after closing at $6.75 on Friday. The stock’s 52-week high is $10.58. Volume was around 45% below the daily average of around 3.9 million shares. The company had no specific news Monday.
Verifone Systems Inc. (NYSE: PAY) lost about about 0.1% Monday to post a new 52-week low of $15.95 after closing Friday at $16.12. The 52-week high is $31.24. Volume of around 2.2 million was down about 35% from the daily average of around 3 million. The point-of-sale payment processor had no specific news.[nativounit]
Stericycle Inc. (NASDAQ: SRCL) dropped more than 5% on Monday to post a new 52-week low of $77.00 against a 52-week high of $151.57. Volume of around 2 million was nearly double the daily average of 1.1 million shares traded. The stock closed at $81.24 on Friday night. The solar module manufacturer had no specific news.
Chicago Bridge & Iron Co. (NYSE: CBI) dropped about 0.7% on Monday to post a new 52-week low of $27.22 against a 52-week high of $46.39. Volume of around 1.5 million was about 10% above the daily average of around 1.4 million. The stock closed at $27.42 on Friday night. 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.