Investing

Pilgrim's Pride, Sunoco Slide into Monday's 52-Week Low Club

November 18, 2016: Here are four stocks trading with relatively heavy volume among 39 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by nearly 3 to 1 and on the Nasdaq advancers led decliners by about 5 to 4.

Infosys Ltd. (NYSE: INFY) dropped nearly 1.1% on Monday to post a new 52-week low of $13.74 against a 52-week high of $20.47 and a Friday close of $13.89. Volume of about 4 million was about 20% below the daily average of around 5.4 million. The company had no specific news.

Pilgrim’s Pride Corp. (NASDAQ: PPC) lost about 6.3% Monday to post a new 52-week low of $17.15 after closing Friday at $18.31. The 52-week high is $27.79. Volume of around 3.7 million was more than double the daily average of around 1.5 million shares traded. A poor earnings report from competitor Tyson cooled investors’ enthusiasm early, but the stock recovered and is on track to post a gain for the day.

Novo Nordisk A/S (NYSE: NVO) dropped about 0.7% on Monday to post a new 52-week low of $32.19 after closing at $32.42 on Friday. The stock’s 52-week high is $59.00. Volume of about 3.4 million was about 15% below the daily average of around 4 million shares. The drug maker had no specific news.

Sunoco LP (NYSE: SUN) dropped about 4.9% on Monday to post a new 52-week low of $22.64 after closing at $23.81 on Friday. The stock’s 52-week high is $40.06. Volume was more than 4 times the daily average of around 540,000 shares. The MLP was tangentially involved in a major energy pipeline company merger announced this morning between Sunoco Logistics and Energy Transfer Partners.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.