Ambev, PPL Corp. Slide into Wednesday’s 52-Week Low Club

June 6, 2018 by Paul Ausick

June 6, 2018: Here are four stocks trading with heavy volume among 60 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 1.66 to 1 and on the Nasdaq, advancers led decliners by about 1.79to 1.

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) traded down about 15.4% Wednesday and posted a new 52-week low of $0.33 after closing Tuesday at $0.39. The stock’s 52-week high is $38.86. Volume totaled over 28 million, more than double the daily average of around 12.7 million. The company that owns MoviePass had no specific news Wednesday.

Ambev SA (NYSE: ABEV) fell about 25% Wednesday to post a new 52-week low of $5.05 after closing at $5.17 on Tuesday. The 52-week high is $7.43. Volume of about 18 million was about 15% below the daily average of about 23 million. The marine fuel logistics firm said last night that it may have to write off $200 million in accounts receivable that may have been, “in full or in part, without economic substance and improperly accounted for.” Ick.

Banco Bradesco SA (NYSE: BBD) traded down about 9.7% Wednesday to post a new 52-week low of $7.30 after closing Tuesday at $8.08. The stock’s 52-week high is $13.18. Volume was more about 30% higher than the daily average of around 9.6 million shares. The Brazilian bank had no specific news.

PPL Corp. (NYSE: PPL) dropped about 4.3% Wednesday to post a new 52-week low of $25.73. Shares closed at $26.88 on Tuesday and the stock’s 52-week high is $39.90. The company goes ex-dividend tomorrow.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.