Avon Products, Globalstar Drop into Tuesday’s 52-Week Low Club
Globalstar, Harmony Gold, Avon Products, and New Gold all posted new 52-week lows Tuesday.
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June 12, 2018: Here are four stocks trading with heavy volume among 41 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 1.01 to 1 and on the Nasdaq, advancers led decliners by about 1.2 to 1.
Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 6% Tuesday and posted a new 52-week low of $0.47 after closing Monday at $0.50. The stock’s 52-week high is $2.30. Volume totaled about 4.3 million, about 20% below the daily average of around 5.4 million. The company had no specific news.
Harmony Gold Mining Co. (NYSE: HMY) fell 1.9% Tuesday to match a 52-week low of $1.56 set Monday. Shares closed at $1.59 yesterday. The 52-week high is $2.53. Volume of around 4 million was nearly 15% lower than the daily average of about 4.5 million. The company had no specific news.
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Avon Products Inc. (NYSE: AVP) traded down about 1.9% Tuesday to post a new 52-week low of $1.55 after closing Monday at $1.58. The stock’s 52-week high is $3.89. Volume was nearly 20% below the daily average of around 4.8 million shares. The company had no specific news.
New Gold Inc. (NYSEAMERICAN: NGD) dropped about 1.9% Tuesday to post a new 52-week low of $2.09. Shares closed at $2.13 on Monday and the stock’s 52-week high is $4.25. The junior gold miner 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.
