Caterpillar, Micron Plummet into Tuesday’s 52-Week Low Club

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October 23, 2018: Here are four stocks trading with heavy volume among 728 equities making new 52-week lows Tuesday. On the NYSE decliners lead advancers by about 2.18 to 1, and on the Nasdaq, decliners led advancers by about 1.9 to 1.

Micron Technology Inc. (NASDAQ: MU) traded down about 5.9% Tuesday to post a new 52-week low of $37.41 after closing Monday at $39.76. The stock’s 52-week high is $64.66. Volume was about 15% above the daily average of around 36 million shares. The company had no specific news.

Citigroup Inc. (NYSE: C) traded down about 5.1% Tuesday to set a new 52-week low of $63.19 after closing at $66.59 on Monday. The stock’s 52-week high is $80.70. Volume was about double the daily average of around 14.6 million. The big bank had no specific news.

Caterpillar Inc. (NYSE: CAT) traded down about 10% Tuesday and posted a new 52-week low of $115.62 after closing Monday at $128.71. The stock’s 52-week high is $173.24. Volume was more than four times the daily average of around 4.8 million. Analysts and investors were not disappointed by results, but by a shaky outlook with rising costs and supply chain issues. https://247wallst.com/industrials/2018/10/23/why-caterpillar-is-getting-bulldozed-after-earnings/

Banco Santander SA (NYSE: SAN) dropped 0.6% Tuesday to set a new 52-week low of $4.65. Shares closed at $4.68 on Monday and the stock’s 52-week high is $7.57. Volume was nearly three times the daily average of around 6.8 million. The Madrid-based bank had no specific news.