AT&T, American Airlines Plunge into Thursday’s 52-Week Low Club
AT&T, American Airlines, Cemex, and HRG Group all posted new 52-week lows Thursday.
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.
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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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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.
