Adient, Harmony Gold Sink into Monday’s 52-Week Low Club
Harmony Gold, Adient, Globalstar, and Duke Energy all posted new 52-week lows Monday.
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June 11, 2018: Here are four stocks trading with heavy volume among 49 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.3 to 1 and on the Nasdaq, advancers led decliners by about 1.23 to 1.
Harmony Gold Mining Co. (NYSE: HMY) fell 2.5% Monday to post a new 52-week low of $1.56 after closing at $1.60 on Friday. The 52-week high is $2.53. Volume of around 7.5 million was nearly 75% higher than the daily average of about 4.4 million. The company had no specific news.
Adient plc (NYSE: ADNT) traded down about 17.5% Monday to post a new 52-week low of $47.03 after closing Friday at $56.98. The stock’s 52-week high is $86.42. Volume was nearly 10 times the daily average of around 780,000 shares. The company chopped its profit outlook this morning and the CEO resigned.
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Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 5.9% Monday and posted a new 52-week low of $0.48 after closing Friday at $0.51. The stock’s 52-week high is $2.30. Volume totaled about 4.4 million, about 20% below the daily average of around 5.4 million. The company had no specific news.
Duke Energy Corp. (NYSE: DUK) dropped about 1.6% Monday to post a new 52-week low of $71.96. Shares closed at $73.12 on Friday and the stock’s 52-week high is $91.80. 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.
