Mattel, CenturyLink Dive into Monday’s 52-Week Low Club
Mattel, CenturyLink, Uniti Group, and Newell Brands all posted new 52-week lows on Monday.
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September 18, 2017: Here are four stocks trading with heavy volume among 30 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 4 to 3 and on the Nasdaq advancers led decliners by about 3 to 2.
Mattel Inc. (NASDAQ: MAT) dropped about 6.5% Monday to post a new 52-week low of $14.83 after closing at $15.86 on Friday. The 52-week high is $33.23. Volume was around 11 million, about 40% below the daily average. The company had no specific news.
CenturyLink (NYSE: CTL ) posted a new 52-week low of $18.17 on Monday, down about 4.3% from Friday’s closing price of $18.98. The stock’s 52-week high is $33.45. Volume totaled around 9.6 million shares, near the daily average of 10.2 million. The company had no specific news Monday.
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Uniti Group Inc. (NASDAQ: UNIT) dropped about 5.2% Monday to post a new 52-week low of $17.45 after closing at $18.40 on Friday. The stock’s 52-week high is $32.73. Volume of around 4 million was about three times the daily average. The company had no specific news Monday.
Newell Brands Inc. (NYSE: NWL) dropped about 1.5% Monday to post a new 52-week low of $42.54 after closing Friday at $43.20. The 52-week high is $55.08. Volume of around 3.5 million shares traded was about 10% above the daily average. The company had no specific news.
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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.
