Keycorp, eBay Drop Into Monday’s 52-Week Low Club
Keycorp, eBay, Schlumberger, and Clovis Oncology all posted new 52-week lows Monday.
October 22, 2018: Here are four stocks trading with heavy volume among 413 equities making new 52-week lows by midday Monday. On the New York Stock Exchange, decliners lead advancers by about 1.29 to 1.00, and on the Nasdaq, decliners led advancers by about 1.18 to 1.00.
Keycorp (NYSE: KEY) traded down about 3.3% Monday to post a new 52-week low of $17.25, after closing Friday at $17.84. The stock’s 52-week high is $22.40. Volume was about 10% above the daily average of around 10.7 million shares. The residential mortgage lender had no specific news.
eBay Inc. (NASDAQ: EBAY) traded down about 2.3% Monday to set a new 52-week low of $28.09, after closing at $28.75 on Friday. The stock’s 52-week high is $46.99. Volume was about equal to the daily average of around 10.1 million. The company had no specific news.
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Schlumberger Ltd. (NYSE: SLB) traded down about 3.9% Monday and posted a new 52-week low of $56.18, after closing Friday at $58.47. The stock’s 52-week high is $44.49. Volume was about 15% above the daily average of around 7.4 million. Analysts took a bite out of the oilfield services firm’s price targets this morning.
Clovis Oncology Inc. (NASDAQ: CLVS) dropped nearly 22% Monday to set a new 52-week low of $20.57. Shares closed at $26.36 on Friday, and the stock’s 52-week high is $79.60. Volume was more than five times the daily average of around 1.3 million. The company had no specific news, but a competing ovarian cancer drug from AstraZeneca and Merck reported promising results.
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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.