Abengoa Yield plc (NASDAQ: ABY) dropped nearly 19% today to post a new 52-week low of $26.31. The stock’s 52-week high is $40.98. Volume is about 3-times the daily average of around 440,000 shares. The company owns, manages, and acquires renewable energy, conventional power, and electric transmission lines and other assets in the U.S., Mexico, South America, and Spain on behalf of its parent, Spain’s Abengoa SA (NASDAQ: ABGB). The company’s bonds tumbled today after it announced results on Wednesday and raised concerns on how the company raises and accounts for debt. The stock now trades below its June IPO price.
3D Systems Corp. (NYSE: DDD) dropped about 4.3% on Thursday to post a new 52-week low of $33.02 after closing at $34.50 on Wednesday evening. The stock’s 52-week high is $97.28. Share volume is about 10% higher than the daily average of around 3.1 million shares traded. The 3D printer maker is primarily due a poor quarterly report from competitor The ExOne Co. (NASDAQ: XONE) and overall perceived weakness in the sector.
Petroleo Brasileiro SA (NYSE: PBR) posted a new 52-week low on Thursday of $10.09. Based on Wednesday night’s closing price of $10.56 that’s a drop of about 4.5%. The stock’s 52-week high is $XX. Trading volume is more than 30% below the daily average of around 45 million shares. The Brazilian oil giant is getting crushed by falling crude oil prices, even though the dollar lost some strength today.
Transocean Ltd. (NYSE: RIG) posted a drop of about 8.6% today to post a new post-IPO low of $25.75 against a 52-week high of $55.25. Volume is about 25% above the daily average of around 10 million shares. s.The company had no specific news today, the pressure on the firm’s cash flow could threaten dividends.
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