August 31, 2017: Here are four stocks trading with heavy volume among 44 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by nearly 3 to 1 and on the Nasdaq advancers led decliners by about 11 to 4.
Exxon Mobil Corp. (NYSE: XOM) dropped about 0.1% Thursday to post a new 52-week low of $76.05 after closing Wednesday at $76.10. The 52-week high is $93.22. Volume of around 11million shares traded was about 40% above the daily average. The company’s Baytown refinery (capacity 560,000 barrels a day) is closed due to tropical storm Harvey and despite the spring back of crude prices today, the refinery closure hurts more than the boost in crude. The stock did bounce back and is on its way to closing up about 0.4% for the day.
Prospect Capital Corp. (NaSDAQ: PSEC) dropped about 3.1% Thursday to register a new 52-week low of $6.54 after closing at $6.75 on Wednesday. The 52-week high is $9.58. Volume was around 7.5 million, about 3 times the daily average. The company had no specific news.
Campbell Soup Co. (NYSE: CPB) posted a new 52-week low of $46.41 on Thursday, down about 7.6% from Wednesday’s closing price of $50.25. The stock’s 52-week high is $64.23. Volume totaled around 6.7million shares, about four times the daily average. The company missed revenue and profit estimates and lowered its outlook this morning.
General Mills Inc. (NYSE: GIS) dropped about 1.8% Thursday to post a new 52-week low of $52.76 after closing at $53.75 on Wednesday. The stock’s 52-week high is $71.33. Volume of around 5 million was about 25% above the daily average. The company had no specific news.