Cliffs Natural Resources Inc. (NYSE: CLF) dropped about 4.9% on Friday to post a new 52-week low of $10.87. Share volume is 50% higher than the daily average of around 6.4 million. The stock’s 52-week high is $28.98. The iron ore miner’s stock price is sinking following a report on Thursday that prices have dropped to a 6-year low on lower demand from Chinese steelmakers. Low demand for steel chops demand for iron ore and for metallurgical coal too.
King Digital Entertainment plc (NYSE: KING) dropped about 2.8% today to post a 52-week — and all-time — low of $12.43. Since coming public in late March, the share price is down about 30%. The 52-week high is $23.48. There was no specific news on the gaming company today, but shares have been bouncing around below $14 for more than a month now. Share volume for today is about 10% below the average daily of around 1.9 million shares.
Mattel Inc. (NASDAQ: MAT) dropped about 2.3% today to post a new 52-week low of $30.47. Volume is about 25% higher than the daily average of around 3 million shares. Earlier this week the toymaker lost a deal to develop dolls based on the hit Disney movie “Frozen” to rival Hasbro Inc. (NYSE: HAS). The stock’s 52-week high is $47.94.
Penn West Petroleum Ltd. (NYSE: PWE) sank to a new 52-week — and all-time — low on Friday of $6.73. Based on Thursday night’s closing price of $6.80 that’s a drop of 1%. The stock’s 52-week high is $11.75. Trading volume about equal to the daily average of around 2.2 million shares. The company ordered an internal audit at the end of July to correct and restate certain results. The audit results were released last week and have spawned a blizzard of class action lawsuits.
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