Cree Inc. (NASDAQ: CREE) dropped about 2.7% on Wednesday to a new 52-week low of $42.22. Share volume is about 15% above the daily average of around 1.7 million. The stock’s 52-week high is $75.98. Cree makes LED lighting solutions and shares have been sagging since mid-April. There was no specific news on the company today.
McDonald’s Corp. (NYSE: MCD) sank to a 52-week low on very late on Tuesday and fell further to a low of $90.53 early this morning. The bleeding has stopped and the stock has gained 2% to trade at around $92.80 late Wednesday afternoon. The stock’s 52-week high is $103.78.The company announced weak August same-store sales yesterday. Trading volume was about 65% above the daily average of around 5 million shares.
McDermott International Inc. (NYSE: MDR) dropped nearly 5% today to post a new 52-week low of $6.51. Share volume was about 20% higher than the average daily volume of around 3.7 million shares and the 52-week high is $9.36. There was no news on the company today and the offshore oilfield engineering and construction company has dropped 23% since the beginning of the year.
Nu Skin Enterprises Inc. (NYSE: NUS) dropped about 3% today to post a new 52-week low of $40.20. Volume is roughly equal to the daily average of around 1.4 million shares. The multilevel marketing firm had no news today, and today was the ex-dividend date for the stock. Shares have dropped nearly 70% since January. The stock’s 52-week high is $140.50.
ALSO READ: America’s Disappearing Jobs
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.