July 19, 2017: Here are four stocks trading with heavy volume among 52 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by about 11 to 4 and on the Nasdaq, decliners led advancers by about 2 to 1.
AT&T Inc. (NYSE: T) dropped about 0.5% Wednesday to post a new 52-week low of $35.81 after closing Tuesday at $35.99. The 52-week high is $43.50. Volume was around 18.4 million shares traded, about 15% below the daily average of around 21.5 million. The company had no specific news.
DryShips Inc. (NASDAQ: DRYS) posted a new 52-week low of $0.50 on Wednesday, down nearly 40% compared with Tuesday’s closing price of $.083. Volume totaled around 12 million shares, about 4 times the daily average. The company announced a 1-for-7 reverse stock split late Tuesday, the company’s eighth reverse split since March of 2016.
International Business Machines Corp. (NYSE: IBM) dropped about 4.7% Wednesday to post a new 52-week low of $146.73 after closing at $154.00 on Tuesday. The 52-week high is $182.79. Volume was about 11.4 million, more than double the daily average of 4.4 million shares. The company reported poor earnings last night and CEO Ginni Rometty and the company’s board can’t find a path to growth or profits.
BBVA Banco Francés SA (NYSE: BFR) dropped about 3% Wednesday to post a new 52-week low of $15.41 after closing at $15.88 on Tuesday. The stock’s 52-week high is $21.90. Volume of about 7.1 million was nearly 35 times the daily average of about 223,000. The Argentine bank had no specific news.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
