Xerox, Tata Motors Drop into Monday’s 52-Week Low Club
Xerox, Tata Motors, SABESP, and Extreme Networks all posted new 52-week lows Monday.
May 14, 2018: Here are four stocks trading with heavy volume among 50 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 1.13 to 1 and on the Nasdaq, decliners led advancers by about 1.18 to 1.
Xerox Corp. (NYSE: XRX) dropped more than 10% Monday to post a new 52-week low of $27.11. Shares closed at $30.17 on Friday and the stock’s 52-week high is $37.42. Volume of around 9.5 million shares was nearly four times the daily average. The company’s deal with Fujifilm has evaporated.
Tata Motors Ltd. (NYSE: TTM) fell by about 2% Monday to post a new 52-week low of $23.82 after closing at $24.30 on Friday. The 52-week high is $37.62. Volume of about 3.6 million was more more than double the daily average of about 1.5 million. The company had no specific news.
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Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE: SBS) traded down about 4.6% Monday to post a new 52-week low of $7.66 after closing Friday at $8.03. The stock’s 52-week high is $12.39. Volume was about 75% above the daily average of around 4.1 million shares. The company had no specific news Monday.
Extreme Networks Inc. (NASDAQ: EXTR) traded down about 2.6% Monday and posted a new 52-week low of $8.13 after closing Friday at $8.35. The stock’s 52-week high is $15.55. Volume totaled around 2.9 million, nearly 60% higher than the daily average of around 1.9 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.
