Deutsche Bank, Philip Morris Enter Thursday’s 52-Week Low Club
Deutsche Bank, JD.com, Newell Brands, and Philip Morris International all posted new 52-week lows Thursday.
May 31, 2018: Here are four stocks trading with heavy volume among 99 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 1.8 to 1 and on the Nasdaq, decliners led advancers by about 1.57 to 1.
Deutsche Bank AG (NYSE: DB) traded down about 8.6% Thursday to post a new 52-week low of $10.57 after closing Wednesday at $11.57. The stock’s 52-week high is $20.23. Volume was about six times the daily average of around 4.5 million shares. A Wall Street Journal story today revealed that the Federal Reserve designated the bank’s U.S. operations “troubled.”
JD.com Inc. (NASDAQ: JD) fell about 2.9% Thursday to post a new 52-week low of $34.76 after closing at $35.80 on Wednesday. The 52-week high is $50.68. Volume of about 13.6 million was about 8% higher than the daily average of about 13 million. The had no specific news Thursday, but a hedge fund manager called the stock “over-hyped” yesterday.
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Newell Brands Inc. (NYSE: NWL) traded down more than 1.5% Thursday and posted a new 52-week low of $23.41 after closing Wednesday at $24.78. The stock’s 52-week high is $55.08. Volume totaled around 8.2 million, approaching 15% above the daily average of around 1.1 million. The company had no specific news.
Philip Morris International Inc. (NYSE: PM) dropped about 0.8% Thursday to post a new 52-week low of $78.61. Shares closed at $79.27 on Wednesday and the stock’s 52-week high is $123.55. Volume of around 5.9 million shares was about 10% below the daily average.The company faces a pricing challenge from Japan Tobacco over e-cigarette products.
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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.
