Procter & Gamble, Philip Morris Dive into Tuesday’s 52-Week Low Club
Procter & Gamble, Philip Morris, Altria, and NXP Semiconductors all posted new 52-week lows on Tuesday.
April 24, 2018: Here are four stocks trading with heavy volume among 125 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 about the same ratio.
The Procter & Gamble Co. (NYSE: PG) dropped about 1.2% Tuesday to post a new 52-week low of $72.15. Shares closed at $73.00 on Monday and the stock’s 52-week high is $94.67. Volume was about 30% above the daily average of around 10.6 million shares. The industrial sector got no love at all today.
Philip Morris International Inc. (NYSE: PM) traded down about 3.6% Tuesday and posted a new 52-week low of $80.65 after closing Monday at $83.67. The stock’s 52-week high is $123.55. Volume totaled around 11.2 million, about 72% above the daily average. The company had no specific news.
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Altria Group Inc. (NYSE: MO) traded down 3.1% Tuesday to post a new 52-week low of $54.83 after closing Monday at $56.57. The stock’s 52-week high is $77.79. Volume was more about 30% higher than the daily average of around 8.7 million shares. The other Marlboro cigarette maker fared equally poorly on no specific news.
NXP Semiconductors NV (NASDAQ: NXPI) fell by about 2.8% Tuesday to post a new 52-week low of $100.25 after closing at $103.17 on Monday. The 52-week high is $125.93. Volume of about 10.8 million was more than double the daily average of about 4.9 million. The company had no specific news, but rumors of problems facing the pending merger with Qualcomm hit the shares today.
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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.
