Xerox, Tata Motors Drop into Monday's 52-Week Low Club
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.
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.