Ambev, Ceasars Drop into Monday’s 52-Week Low Club
Ambev, MiMedx, Ceasars Entertainment, and Carnival all posted new 52-week lows Monday.
July 2, 2018: Here are four stocks trading with heavy volume among 142 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by about 1.16 to 1 and on the Nasdaq, advancers led decliners by about 1.43 to 1.
Ambev SA (NYSE: ABEV) traded down about 1.1% Monday to post a new 52-week low of $4.58 after closing Friday at $4.63. The stock’s 52-week high is $7.43. Volume was about 30% below the daily average of around 27 million shares. The company had no specific news.
MiMedx Group Inc. (NASDAQ: MDXG) fell more than 40% Monday to post a new 52-week low of $3.80. Shares closed at $6.39 on Friday. The 52-week high is $18.25. Volume of nearly 12 million was almost five times the daily average. The company’s CEO and COO both resigned this morning.
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Ceasars Entertainment Corp. (NASDAQ: CZR) dropped about 4.3% Monday to post a new 52-week low of $10.25. Shares closed at $10.70 on Friday and the stock’s 52-week high is $14.50. Volume totaled about 9 million shares, about 30% below the daily average. The company had no specific news.
Carnival Corp. (NYSE: CCL) traded down about 2% Monday and posted a new 52-week low of $56.55 after closing Friday at $57.31. The stock’s 52-week high is $72.70. Volume totaled about 4 million, roughly 5% below the daily average. 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.