The 52-Week Low Club for Monday
August 10, 2015: Here are four stocks trading with heavy volume among the 105 equities making new 52-week lows today.
Freeport-McMoRan Inc. (FCX) posted a new 52-week low on Monday. Shares dropped about 4% to a low of $10.10 from Friday’s closing price of $10.53. The stock’s 52-week high is $37.10. Volume totaled about 60% more than the daily average of around 21 million. The low was posted on the opening bell and shares gained more than 10% today on better news about the commodity markets and a registration filing for a $1 billion at-the-market in conjunction with J.P. Morgan Securities.
Groupon Inc. (GRPN) dropped about 6% on Monday to post a new 52-week low at $4.16 after closing at $4.43 on Friday. The stock’s 52-week high is $8.43. Share volume totaled more than double the daily average of around 9.5 million. The company’s price target was cut at Deutsche Bank this morning.
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Newmont Mining Corp. (NEM) dropped fractionally on Monday to set a new 52-week low of $16.08 after closing at $16.14 on Friday. The stock’s 52-week high is $27.90. Share volume totaled around 7 million shares, about 15% below the daily average of around 8 million. The shares ended up gaining around 5% by late Monday afternoon as gold prices settled higher today.
Whole Foods Market Inc. (WFM) dropped about 1.4% on Monday to post a new 52-week low of $33.98 against a 52-week high of $57.57. The stock closed at $34.47 on Friday night. Volume was about equal to the daily average of around 4.8 million shares traded. The company was hit with a shareholder lawsuit today alleging failure to disclose an investigation into Whole Foods’ pricing practices for pre-packaged foods sold by weight.
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