The 52-Week Low Club for Friday

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By Paul Ausick Updated Published
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January 16, 2015: Here are four stocks among the 198 equities making new 52-week lows today.

Caterpillar Inc. (NYSE: CAT) posted a new 52-week low on Friday of $83.04. Based on Thursday night’s closing price of $84.32 that’s a drop of about 1.5%. The stock’s 52-week high is $111.46. Volume is 15% above the daily average of around 5.3 million shares. Caterpillar collected a couple of negative comments today based on demand for its products from the energy sector.

Credit Suisse Group AG (NYSE: CS) dropped about 8.7% on Friday to post a new 52-week low of $21.75. The stock’s 52-week high is $33.23. Volume was was about 3-times the daily average of 1.1 million shares. The big bank has been battered by the drop in the Swiss franc.

Precision Castparts Corp. (NYSE: PCP) dropped more than 15% on Friday to establish a new 52-week low at $186.17 against a high of $275.09. Volume was roughly 10-times the daily average of around 900,000 shares. The company released weak preliminary results today as the impact of the crude price crash spreads.

United States Steel Corp. (NYSE: X) dropped about 0.6% on Friday to post a new 52-week low of $21.47 after closing at $21.61 on Thursday. The stock’s 52-week high is $46.55. Share volume is 25% below the daily average of around 7.4 million shares traded. Citigroup cut its forecast for iron ore earlier this week and the impact on U.S. Steel is still not over.

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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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