Avon, Ensco Dive into Tuesday’s 52-Week Low Club

Photo of Paul Ausick
By Paul Ausick Updated Published

Invalid Image
May 30, 2017: Here are four stocks trading with heavy volume among 149 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq decliners led advancers by about 9 to 5.

Avon Products Inc. (NYSE: AVP) dropped about 5% Tuesday to post a new 52-week  low of $3.24 after closing Friday at $3.41. The 52-week high is $6.96. Volume rose to more than 4 times the daily average of about 7 million shares. The company had no specific news.

Ensco plc (NYSE: ESV) dropped 8.8% Tuesday to post a new 52-week low of $6.11 after closing at $6.70 on Friday. The stock’s 52-week high is $12.04. Volume was more than 6 times the daily average of around 9.8 million shares. The company agreed to acquire offshore driller Atwood Oceanics for about $839 million in stock.

[nativounit]

Southwestern Energy Co. (NYSE: SWN) dropped about 2.9% Tuesday to post a new 52-week low of $6.61 after closing at $6.42 on Friday. The stock’s 52-week high is $6.42. Volume of about 14.5 million was about 25% below the daily average of around 20 million shares traded. The company had no specific news Tuesday.

Nabors Industries Ltd. (NYSE: NBR) posted a new 52-week low of $8.18 on Tuesday, down about 6.5% compared with Friday’s closing price of $8.75. The stock’s 52-week high is $18.40. Volume totaled about 12.7 million shares, about 50% higher than the daily average of about 8.2 million. The company had no news Tuesday, but the tie-up between Ensco and Atwood is not good news for Nabors.

[wallst_email_signup]

Photo of Paul Ausick
About the Author Paul Ausick →

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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

SMCI Vol: 124,011,639
ON Vol: 11,831,062
GLW Vol: 18,348,487
MU Vol: 50,603,187
ABBV Vol: 9,218,739

Top Losing Stocks

CTRA Vol: 73,319,495
MRNA Vol: 8,256,899
PLTR Vol: 55,789,168
VRSN Vol: 1,690,704
CMG Vol: 18,137,476