Investing
Helios and Matheson, AT&T Again Diving into Wednesday's 52-Week Low Club
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May 9, 2018: Here are four stocks trading with heavy volume among 83 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 1.65 to 1 and on the Nasdaq, advancers led decliners by about 1.58 to 1.
Helios and Matheson Analytics, Inc. (NASDAQ: HMNY) fell by about 43% Wednesday to post a new 52-week low of $0.82 after closing at $1.45 on Tuesday. The 52-week high is $38.86. Volume of about 37 million was more more than five times the daily average of about 6.8 million. The company said in a Monday SEC filing that it needs to raise more cash to prop up its MoviePass business. Shareholders can’t hit the exits fast enough.
AT&T Inc. (NYSE: T) dropped about 1.7% Wednesday to post a new 52-week low of $31.17. Shares closed at $31.70 on Tuesday and the stock’s 52-week high is $39.80. Volume of about 29 million shares was about 10% above the daily average. This is AT&T’s 23rd new low in the past 52 weeks. The company had no specific news, but has gotten caught up in the investigation in the actions of Trump lawyer Michael Cohen and payments to porn star Stormy Daniels.
Comcast Corp. (NASDAQ: CMCSA) traded down about 0.6% Wednesday and posted a new 52-week low of $30.43 after closing Tuesday at $30.59. The stock’s 52-week high is $44.00. Volume totaled around 18.4 million, about a third less than the daily average of around 28.8 million. The company had no specific news, but the possibility that it could spend north of $70 billion on acquisitions makes some investors queasy.
Liberty Global plc (NASDAQ: LBTYK) traded down nearly 14% Wednesday to post a new 52-week low of $27.09 after closing Tuesday at $31.41. The stock’s 52-week high is $37.86. Volume was about three times the daily average of around 3 million shares. The pending sale of Liberty’s European operations to Vodafone is raising concerns from Deutsche Telekom.
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