52-Week Low Club (T, CCE, CHB, EBAY, GGC, GLBL, IGT, PAA, RRI, SGLP, TXT, VCLK)

Investing

Published: July 17, 2008 2:35 pm

Last Updated: April 27, 2020 3:02 pm

52_week_low_image We’ve had essentially a 500 point rally in the DJIA in just the last two days and oil is starting to lose its mo-mo. Yet some companies just refuse to participate in the rally because of news, and many look like they were caught in a mid-city explosion (hence the image).

Regardless of how the market does you can always count on many news-driven or sector driven events causing new lows. One thing is for sure during a weak economy and during choppy earnings, there will be many more stocks in the coming weeks hitting 52-week lows. Some will continue hitting new lows over and over.

Below are some of the companies whose stocks hit new 52-week lows today:

AT&T Inc. (NYSE: T)
Coca Cola Enterprises (NYSE: CCE)
Champion Enterprises (NYSE: CHB)
eBay Inc. (NASDAQ: EBAY)
Georgia Gulf (NYSE: GGC)
Global Industries (NASDAQ: GLBL)
International Game Tech (NYSE: IGT)
Plains All American LP (NYSE: PAA)
Reliant Energy Inc. (NYSE: RRI)
Semgroup Energy Partners (NASDAQ: SGLP)
Textron Inc. (NYSE: TXT)
ValueClick Inc. (NASDAQ: VCLK)

As a reminder, not all of these have closed on fresh 52-week lows butthese were among the more active stocks today that hit fresh lows overthe last year.

Jon C. Ogg
July 17, 2008

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