Avon Products Inc. (NYSE: AVP) dropped about 5.9% today to post a new 52-week low of $9.32. The stock’s 52-week high is $18.12. Volume is nearly double the daily average of around 6.4 million shares. The company has shaken up its Latin American management team.
BHP Billiton plc (NYSE: BBL) dropped about 2.7% on Wednesday to post a new 52-week low of $50.71 after closing at $52.11 on Tuesday evening. The stock’s 52-week high is $71.44. Share volume is about 25% above the 850,000 daily average shares traded. The mining giant had no news today.
Transocean Ltd. (NYSE: RIG) posted a new 52-week low on Wednesday of $25.09. Based on Tuesday night’s closing price of $25.85 that’s a drop of about 2.9%. The stock’s 52-week high is $54.33. Trading volume is about equal to the daily average of around 10.5 million shares. The offshore driller’s monthly fleet status report indicated another two rigs have been idled with more contracts expiring in the next few months.
Rio Tinto plc (NYSE: RIO) posted a drop of about 2.9% today to post a new 52-week low of $45.88 against a 52-week high of $60.61. Volume is about 15% below the daily average of around 3.3 million shares. Another mining giant that had no news today. The basic materials sector was the big loser among equities on Wednesday.
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