Southwestern Energy, Range Resources Drop into Monday’s 52-Week Low Club
Southwestern Energy, Vereit, Colony NorthStar, and Range Resources all posted new 52-week lows Monday.
January 29, 2018: Here are four stocks trading with heavy volume among 86 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 4 to 1 and on the Nasdaq, advancers led decliners by more than 2 to 1.
Southwestern Energy Co. (NYSE: SWN) traded down 7.4% Monday and posted a new 52-week low of $4.63 after closing Friday at $5.00. The stock’s 52-week high is $9.75. Volume was over 37 million, approaching double the daily average of about 21 million shares. The company had no specific news.
VEREIT Inc. (NYSE: VER) dropped about 2.8% Monday to post a 52-week low of $7.17 after closing at $7.38 on Friday. The 52-week high is $9.12. Volume was around 10 million, about 15% above the daily average. The company had no specific news, but real estate and utility stocks often get knocked around when bond yields go up, as they did today.
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Range Resources Corp. (NYSE: RRC) fell about 3.6% Monday to post a new 52-week low of $14.77 after closing at $15.30 on Friday. The 52-week high is $35.64. Volume of about 9.4 million was about 20% higher than the daily average of around 7.7 million shares traded. The company had no specific news.
Colony NorthStar Inc. (NYSE: CLNS) dropped about 3.1% Monday to post a new 52-week low of $9.06 after closing at $9.35 on Friday. The stock’s 52-week high is $14.74. Volume was around 7.5 million, nearly double the daily average of around 3.8 million. The company had no specific news — it has been weak lately and today got caught by the rising bond yield.
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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.
