Marathon Oil, Schlumberger Drop into Tuesday’s 52-Week Low Club
June 27, 2017 by Paul AusickJune 27, 2017: Here are four stocks trading with heavy volume among 20 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by about 2 to 1 and on the Nasdaq, decliners led advancers by about 9 to 5.
Marathon Oil Corp. (NYSE: MRO) dropped about 1.7% Tuesday to post a new 52-week low of $11.33 after closing Monday at $11.53. The 52-week high is $19.28. Volume was nearly 50% higher than the daily average of about 13.7 million shares. The company had no specific news.
Alder Biopharmaceuticals Inc. (NASDAQ: ALDR) posted a new 52-week low of $13.50on Tuesday, down nearly 28% compared with Monday’s closing price of $18.70. The stock’s 52-week high is $36.48. Volume totaled more than 12 million shares, about 12 times the daily average of around 720,000. The company reported that its migraine treatment reported a positive result, but investors were not impressed.
Anadarko Petroleum Co. (NYSE: APC) dropped about 2% Tuesday to post a new 52-week low of $44.03 after closing at $44.92 on Monday. The stock’s 52-week high is $77.33. Volume of about 6.4 million was about 30% above the daily average of 5.2 million. The company had no specific news.
Schlumberger Ltd. (NYSE: SLB) dropped about 1.2% Tuesday to post a new low of $65.13 after closing at $65.89 on Monday. Volume was around 5 million, about 50% below the daily average of around 7.5 million shares. The stock’s 52-week high is $87.84. The country’s largest oilfield services company had no specific news.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.