Allergan, Eldorado Gold Slip into Tuesday’s 52-Week Low Club
Allergan, Cemex, Delphi Technologies, and Eldorado Gold all posted new 52-week lows on Tuesday.
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Cemex SAB de CV (NYSE: CX) dropped about 2% Tuesday to post a new 52-week low of $7.29 after closing at $7.44 on Monday. The 52-week high is $10.37. Volume was around 7 million, about 20% below the daily average of around 123,000. The Mexico-based cement company had no specific news.
Allergan plc (NYSE: AGN) dropped more than 4% Tuesday to post a new 52-week low of $160.07 after closing at $166.90 on Monday. The 52-week high is $256.80. Volume was around 6.5 million, around 75% higher than the daily average of about 3.7 million. The company’s botox product is being challenged by a new competitor.
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Delphi Technologies (NYSE: DLPH) posted a new 52-week low of $50.01 Tuesday, down about 1.6% after closing at $50.82 on Monday. The 52-week high is $104.99. Volume was about 5.6 million, more than triple the daily average of around 1.7 million shares. The auto parts maker spun out of Delphi Automotive this morning to become a standalone engine and components company. The remaining part of the old Delphi has been renamed Aptiv PLC and will focus on new technologies for electric and self-driving vehicles.
Eldorado Gold Corp. (NYSE: (NYSE: EGO) dropped about 3.5% Tuesday to post a new 52-week low of $1.11 after closing at $1.15 on Monday. The stock’s 52-week high is $3.91. Volume of around 5 million about a third below the daily average. The gold mining firm 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.
