The 52-Week Low Club for Friday
September 18, 2015: Here are four stocks trading with heavy volume among 121 equities making new 52-week lows today.
Host Hotels & Resorts Inc. (HST) posted a new 52-week low on Friday. Shares dropped about 4.5% to a low of $16.64 from Thursday’s closing price of $17.42. The stock’s 52-week high is $24.50. Volume was about 50% above the daily average of around 8 million. The company had no specific news today.
Petroleo Brasileiro SA (PBR-A) dropped about 6.6% on Friday to post a new 52-week low at $3.81 after closing at $4.08 on Thursday. The stock’s 52-week high is $18.77. Share volume was about equal to the daily average of around 12.8 million. The Brazilian government controlled oil and gas giant is getting hammered on the steady stream of bad news about the country’s economy.
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La Quinta Holdings Inc. (LQ) dropped more than 17% on Friday to post a new 52-week low of $15.70 against a 52-week high of $24.94. The stock closed at $18.97 on Thursday night. Volume is about 10 times the daily average of around 1.3 million shares traded. The company’s CEO resigned today and it also lowered guidance. Even an accelerated share buyback program couldn’t stop the bleeding.
Southwestern Energy Inc. (SWN) dropped more than 7% on Friday to set a new 52-week low of $14.30 after closing at $15.41 on Thursday. The stock’s 52-week high is $37.40. Share volume is about equal to the daily average of around 9.5 million. The company’s stock reacted to today’s sharp drop in crude oil prices.
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