Investing

Teekay Tankers, PPL Corp. Drop into Tuesday's 52-Week Low Club

December 19, 2017: Here are four stocks trading with heavy volume among 63 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 2 to 1 and on the Nasdaq, decliners led advancers by more than 3 to 2.

Teekay Tankers Ltd. (NYSE: TNK) dropped about 9.5% Tuesday to post a new 52-week low of $1.34 after closing at $1.48 on Monday. The 52-week high is $2.70. Volume was around 6.1 million, more than three times the daily average of around 1.5 million. The company had no specific news.

PPL Corp. (NYSE: PPL) posted a 52-week low of $32.48 after closing Monday at $33.97. The 52-week high is $40.20. Volume was about 5.9 million, nearly a third higher than the daily average of around 3.9 million shares. The electric utility company had no specific news.

Nordic American Tankers Ltd. (NYSE: NAT) dropped about 3% Tuesday to post a new 52-week low of $2.51 after closing at $2.59 on Monday. Volume was around 2.8 million, about double the daily average of around 1.4 million. The firm sent shareholders a letter Monday morning explaining the shipper’s recapitalization program. Apparently the explanation did not sit well.

Welltower Inc. (NYSE: HCN) posted a new 52-week low of $64.11 Tuesday after closing at $67.34 on Monday. The stock’s 52-week high is $78.17. Volume of about 2.8 million was about 35% below the daily average. The company had no specific news. The healthcare property REIT had no specific news today.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.