Abengoa SA (NASDAQ: ABGB) dropped nearly 49% today to post a new 52-week low of $7.75. The stock’s 52-week high is $30.75. Volume is more than 25-times the daily average of around barely 27,000 shares. The company is a clean-energy provider based in Spain. Abengoa and its operating company Abengoa Yield PLC (NASDAQ: ABY) have been hammered over the past two days on financing concerns.
Abercrombie & Fitch Co. (NYSE: ANF) dropped about 2.4% on Friday to post a new 52-week low of $28.22 after closing at $28.90 on Thursday evening. The stock’s 52-week high is $45.50. Share volume is about equal to the daily average of around 2.6 million shares traded. The teen clothing retailer’s rating was cut from Outperform to Neutral at Credit Suisse and the price target was hacked from $53 to $28..
Petroleo Brasileiro SA (NYSE: PBR) posted a new 52-week low on Friday of $9.51. Based on Thursday night’s closing price of $10.20 that’s a drop of about 6.8% on top of Thursday’s drop of 4.5%. The stock’s 52-week high is $20.94. Trading volume is nearly 25% above the daily average of around 45 million shares. Petrobras said Friday morning that it will not file its quarterly earnings statement on time.
Transocean Ltd. (NYSE: RIG) posted a drop of about 2.7% today to post a new 52-week low of $25.59 against a 52-week high of $55.25. Volume is about equal to the daily average of around 10 million shares. The company reported a massive, though not unexpected, GAAP loss today.
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