Alibaba Group Holdings Ltd. (NYSE: BABA) dropped 0.6% Thursday to a new post-IPO — and new all-time — low of $85.61, the second consecutive day for a new low. Share volume is about 65% below the daily average of around 59 million. The stock’s post-IPO high is $99.70. The Chinese e-commerce giant had no news today, and shares popped back to rise above $88 a share within about 90 minutes.
Cree Inc. (NASDAQ: CREE) dropped more than 15% today to post a 52-week low of $33.45. The stock’s 52-week high is $75.98. The maker of LED lighting slashed its outlook in a preliminary release of its first fiscal quarter earnings this morning. Share volume for today is more than 5-times the average daily of around 1.7 million shares.
Chesapeake Energy Corp. (NYSE: CHK) sank to a new 52-week low on Tuesday of $21.43. Based on Wednesday night’s closing price of $22.43 that’s a drop of about 4.5%. The stock’s 52-week high is $29.92. Trading volume is about 50% higher than the daily average of around 7.3 million shares. Natural gas prices slipped by $0.15 per million BTUs today following a massive increase in the nation’s natural gas inventory.
Honda Motor Co. Ltd. (NYSE: HMC) posted a drop of about 7.5% today to a new 52-week low of $31.26 against a 52-week high of $42.96. Volume is more than 8-times the daily average of around 650,000 shares. September sales were down 29% for the company’s U.S. division.
Zynga Inc. (NASDAQ: ZNGA) posted a drop of more than 5% today to a new 52-week low of $2.55 compared with a 52-week high of $5.89. Volume is more than 50% above the daily average of around 18 million shares. The mobile game-maker had no specific news today.
ALSO READ: America’s Most (and Least) Educated States
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.