BHP Billiton plc (NYSE: BHP) dropped about 3.8% on Monday to post a new 52-week low of $60.90. Share volume is about double the daily average of around 1.7 million. The stock’s 52-week high is $73.91. BHP had no news today, but miners of everything from coal to gold to crude oil are putting up new lows.
Ciena Corp. (NYSE: CIEN) dropped about 5.6% today to post a 52-week low of $17.81. The share price is down nearly 20% year-to-date and more than 35% from its 52-week high. The networking company had no news today, but got it’s been showing weakness since cutting guidance and with tech stocks down about 0.8% it’s no surprise that Ciena took a drop. Share volume today is about 50% above the average daily volume of around 3 million shares. The stock’s 52-week high is $27.94.
Eaton Corp. plc (NYSE: ETN) dropped about 2.4% today to post a new 52-week low of $64.78. Volume is about equal to the daily average of around 3 million shares. The industrial goods company has dropped 13.5% since reporting earnings on July 29th. The stock’s 52-week high is $79.98.
Herbalife Ltd. (NYSE: HLF) sank to a new 52-week low on Monday of $41.62. Based on Friday night’s closing price of $44.83 that’s a drop of more than 7%. The stock’s 52-week high is $83.51. An options sale on Friday — thought to be transacted by Bill Ackman — pushed the stock to a new low that day as well. Trading volume was about equal to the daily average of around 2.6 million shares.
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