Angie’s List Inc. (NASDAQ: ANGI) dropped about 3.9% on Tuesday to post a new 52-week — and all-time — low of $4.94. The stock’s 52-week high is $19.80. Volume was was more than 3-times higher than the daily average of 300,000 shares. A local government decision to table a proposed $18.5 million tax incentive for the company came late last night and weighed on the stock today.
Peabody Energy Corp. (NYSE: BTU) dropped about 9.9% on Tuesday to establish a new 52-week low at $6.01 against a high of $19.63. Volume approached double the daily average of around 12.9 million shares. The coal miner reported quarterly and full-year results this morning that missed profit expectations. Peabody also cut its dividend to a quarter of a cent per quarter.
Caterpillar Inc. (NYSE: CAT) dropped 8% on Tuesday to post a new 52-week low of $79.10 after closing at $86.03 on Monday. The stock’s 52-week high is $111.46. Share volume was nearly 5-times the daily average of around 5.3 million shares traded. The heavy machinery maker posted soft quarterly results this morning.
Emerson Electric Co. (NYSE: EMR) posted a second consecutive new 52-week low on Tuesday of $57.12. Based on Monday night’s closing price of $59.43 that’s a drop of about 3.9%. The stock’s 52-week high is $69.94. Volume is about 30% above the daily average of around 4.3 million shares. The company said yesterday the currency exchange rates and fewer orders would have a negative impact of 4% to 5% on first quarter sales.
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