Kinder Morgan, Energy Transfer Partners Lurch into Wednesday's 52-Week Low Club
November 29, 2017: Here are four stocks trading with heavy volume among 66 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers and decliners tracked dead even and on the Nasdaq, decliners led advancers by less than 8 to 7.
Kinder Morgan Inc. (NYSE: KMI) dropped about 2% Wednesday to post a new 52-week low of $16.68 after closing at $17.03 on Tuesday. The 52-week high is $7.09. Volume was around 19 million, about 5% below the daily average of about 20 million. The energy infrastructure company had no specific news.
Scorpio Tankers Inc. (NYSE: STNG) dropped 4.9% Wednesday to post a new 52-week low of $3.10 after closing at $3.26 on Tuesday. The stock’s 52-week high is $4.93. Volume of around 13 million was nearly four times the daily average. The company announced this morning that it had priced an underwritten offering of 30 million shares at $3.00 a share.
Energy Transfer Partners LP (NYSE: ETP) posted a new 52-week low of $15.25 Wednesday, down about 3.6% after closing at $15.82 on Tuesday. The 52-week high is $26.73. Volume was about 12.5 million, nearly 50% above the daily average of around 7.2 million. The energy transportation firm had no specific news.
New York REIT Inc. (NYSE: NYRT) dropped about 2% Wednesday to post a new 52-week low of $4.95 after closing at $5.05 on Tuesday. The 52-week high is $10.15. Volume was around 4 million, about 40% above the daily average of around 2.9million. The company had no specific news.