Philip Morris, Procter & Gamble Plunge into Thursday’s 52-Week Low Club

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April 19, 2018: Here are four stocks trading with heavy volume among 42 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 2 to 1 and on the Nasdaq, decliners led advancers by about 9 to 5.

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) traded down nearly 45% Thursday to post a new 52-week low of $2.12 after closing Wednesday at $3.83. The stock’s 52-week high is $38.86. Volume was more than six times the daily average of around 6 million shares. The owner of MoviePass announced a coming secondary stock offering with warrants, something guaranteed to make existing investors rush to the exits.

Philip Morris International Inc. (NYSE: PM) fell by about 18% Thursday to post a new 52-week low of $83.51 after closing at $101.44 on Wednesday. The 52-week high is $123.55. Volume of about 39 million was nearly eight times the daily average of about 5.5 million. The company seriously missed revenue estimates this morning.

Altria Inc. (NYSE: MO) traded down about 8.8% Thursday and posted a new 52-week low of $56.09 after closing Wednesday at $61.50. The stock’s 52-week high is $77.79. Volume totaled around 21.2 million, nearing triple the daily average. The domestic part of the Marlboro cigarette empire had no news, but none was needed after the Philip Morris debacle.

The Procter & Gamble Co. (NYSE: PG) dropped about 5.4% Thursday to post a new 52-week low of $74.20. Shares closed at $78.43 on Wednesday and the stock’s 52-week high is $94.67. Volume was about 40% above the daily average of around 10.5 million shares. The Dow component reported flat results and a $4.2 billion acquisition this morning.

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