Coca-Cola, Snap Dive into Tuesday’s 52-Week Low Club
Coca-Cola, Snap, Ultra Petroleum, and Altria Group all posted new 52-week lows Tuesday.
May 15, 2018: Here are four stocks trading with heavy volume among 97 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 1.94 to 1 and on the Nasdaq, decliners led advancers by about 1.12 to 1.
Snap Inc. (NYSE: SNAP) dropped about 4.4% Tuesday to post a new 52-week low of $10.51. Shares closed at $10.98 on Monday and the stock’s 52-week high is $21.94. Volume of around 23 million shares was about 15% below the daily average. The company had no specific news.
The Coca-Cola Co. (NYSE: KO) fell by about 14% Tuesday to post a new 52-week low of $41.45 after closing at $42.04 on Monday. The 52-week high is $48.62. Volume of about 9.7 million was about 25% below the daily average of about 12.5 million. The company had no specific news.
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Ultra Petroleum Corp. (NYSE: UPL) traded down about 6.5% Tuesday to post a new 52-week low of $1.73 after closing Monday at $1.85. The stock’s 52-week high is $12.39. Volume was about 50% above the daily average of around 4.3 million shares. The company had no specific news Tuesday.
Altria Group Inc. (NYSE: MO) traded down about 2% Tuesday and posted a new 52-week low of $53.91 after closing Monday at $55.02. The stock’s 52-week high is $77.79. Volume totaled around 6.3 million, about 25% lower than the daily average of around 8.7 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.
