AT&T, American Airlines Plunge into Thursday’s 52-Week Low Club

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April 26, 2018: Here are four stocks trading with heavy volume among 100 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by about 2 to 1 and on the Nasdaq, advancers led decliners by about 9 to 5.

AT&T Inc. (NYSE: T) dropped about 7.8% Thursday to post a new 52-week low of $32.47. Shares closed at $35.20 on Wednesday and the stock’s 52-week high is $40.40. Volume of more than 110 million shares was more than four times the daily average of around 27 million shares. The company’s first-quarter results were deeply unsatisfying to investors.

American Airlines Group Inc. (NASDAQ: AAL) traded down more than 10% Thursday and posted a new 52-week low of $40.66 after closing Wednesday at $45.25. The stock’s 52-week high is $59.08. Volume totaled around 15.5 million, more than three times the daily average. The company reported good numbers but forecast gloomy news on fuel prices and lowered its guidance.

Cemex SAB de CV) traded down about 5% Thursday to post a new 52-week low of $6.29 after closing Wednesday at $6.62. The stock’s 52-week high is $10.37. Volume was about 50% higher than the daily average of around 10 million shares. The Mexico-based cement company reported this morning that profit fell 92% in the first quarter.

HRG Group Inc. (NYSE: HRG) fell by about 37% Thursday to post a new 52-week low of $9.42 after closing at $15.02 on Wednesday. The 52-week high is $20.17. Volume of about 14 million was nearly seven times the daily average of about 2.1 million. The company had no specific news.

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