Weatherford International, CenturyLink Tumble into Tuesday's 52-Week Low Club
November 28, 2017: Here are four stocks trading with heavy volume among 76 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by about 2 to 1 and on the Nasdaq, advancers led decliners by the same ratio.
Weatherford International plc (NYSE: WFT) dropped nearly 5% Tuesday to post a new 52-week low of $3.08 after closing at $3.24 on Monday. The 52-week high is $7.09. Volume was around 19 million, about 5% below the daily average of about 20 million. The oilfield services company had no specific news.
CenturyLink Inc. (NYSE: CTL) dropped about 3.4% Tuesday to post a new 52-week low of $13.16 after closing at $13.62 on Monday. The 52-week high is $27.61. Volume was around 14 million, less than 10% above the daily average of around 13 million. The telecom company had no specific news.
Energy Transfer Partners LP (NYSE: ETP) posted a new 52-week low of $12.69 Tuesday, down about 2.2% after closing at $16.04 on Monday. The 52-week high is $26.73. Volume was about 7.5 million, slightly above the daily average of around 7.1 million. The energy transportation firm is still waiting for federal regulatory approval to complete its Rover natural gas pipeline.
Scorpio Tankers Inc. (NYSE: STNG) dropped nearly 4% Tuesday to post a new 52-week low of $3.18 after closing at $3.31 on Monday. The stock’s 52-week high is $4.93. Volume of around 5.5 million was about 50% above the daily average. The company had no specific news.