Coca-Cola, Coty in Friday's 52-Week Low Club
November 11, 2016: Here are four stocks trading with relatively heavy volume among 74 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on the Nasdaq advancers led decliners by about 2.5 to 1.
The Coca-Cola Co. (NYSE: KO) lost about 0.8% Friday to post a new 52-week low of $40.63 after closing Thursday at $40.95. The 52-week high is $47.13. Volume of around 10 million was about 20% below the daily average of around 12.3 million shares traded. The hospital stocks took a beating following Thursday’s election based on the new administration’s promise to repeal Obamacare. The beverage maker had no specific news Friday.
Coty Inc. (NYSE: COTY) dropped about 1% on Friday to post a new 52-week low of $18.28 after closing at $18.46 on Thursday. The stock’s 52-week high is $31.60. Volume was about 35% below the daily average of around 12.8 million shares. The cosmetics firm had no specific news.
America Movil SAB de CV (NYSE: AMX) dropped about 3.5% on Friday to post a new 52-week low of $11.02 against a 52-week high of $17.33. Volume of about 8.6 million was about 80% above the daily average of around 4.8 million. The Mexican wireless provider had no specific news.
Infosys Ltd. (NYSE: INFY) dropped about 0.3% on Friday to post a new 52-week low of $14.19 after closing at $14.23 on Thursday. The stock’s 52-week high is $20.47. Volume of about 6.9 million was about 40% higher than the daily average of around 5 million shares. The company announced this morning that it had invested in TidalScale, a start-up company that is developing software-defined server systems.