Michael Kors Holdings Ltd. (NYSE: KORS) posted a new 52-week low on Tuesday of $65.12. Based on Monday night’s closing price of $73.00 that’s a drop of nearly 11%. The stock’s 52-week high is $101.04. Volume is about 5-times the daily average of around 3.5 million shares. The company suffered a ratings cut from analysts at Credit Suisse Tuesday morning.
Petroleo Brasileiro SA(NYSE: PBR) dropped another 4.6% on Tuesday to add to its 11% Monday drop to post a new 52-week low of $5.79. The stock’s 52-week high is $20.94. Volume was roughly 40% below the daily average of around 49 million shares. The only question left to answer about Petrobras is when the stock’s will reach its all-time low of around $2.30.
SeaDrill Ltd. (NYSE: SDRL) dropped about 4% Tuesday to establish a new 52-week low at $10.38 against a high of $41.03. Volume was about equal to the daily average of around 13 million shares. The company had no news today, but the stock has been getting beaten up since suspending its dividend and the ceaseless downward direction of crude oil prices is not encouraging..
Trinity Industries Inc. (NYSE: TRN) dropped about 5.4% on Tuesday to post a new 52-week low of $25.67 after closing at $27.14 on Monday. The stock’s 52-week high is $50.77. Share volume is about 20% above the daily average of around 4 million shares traded. The maker of railroad cars, including tanker cars for hauling oil, is being hit by falling crude prices as well as fallout over a lawsuit filed in December related to the safety of its highway guardrails.
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