Investing
Carnival, Starbucks Topple into Monday's 52-Week Low Club
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June 25, 2018: Here are four stocks trading with heavy volume among 128 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 2.85 to 1 and on the Nasdaq, decliners led advancers by about 3.1 to 1.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) traded down about 9.7% Monday to post a new 52-week low of $0.28 after closing Friday at $0.31. The stock’s 52-week high is $38.86. Volume was about 10% below the daily average of around 17.6 million shares. The owner of MoviePass continues on a path to self-immolation.
Carnival Corp. (NYSE: CCL) traded down about 10.4% Monday and posted a new 52-week low of $56.95 after closing Friday at $63.53. The stock’s 52-week high is $72.70. Volume totaled about 14.5 million, nearly four times the daily average of around 4 million. The company reported better-than-expected earnings this morning, but rising costs and a shaky outlook were not rewarded today.
Starbucks Corp. (NYSE: SBUX) fell about 2% Monday to post a new 52-week low of $50.21. Shares closed at $51.24 on Friday. The 52-week high is $61.94. Volume of around 11.4 million was 10% higher than the daily average. The company had no specific news.
MGM Resorts International (NYSE: MGM) dropped nearly 3.8% Monday to post a new 52-week low of $28.94 Shares closed at $30.07 on Friday and the stock’s 52-week high is $38.41. Volume was about 20% below the daily average of around 10 million. The company had no specific news, but if the vacation business is slumping for Carnival that probably does not augur well for MGM.
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