Freeport-McMoRan Inc. (NYSE: FCX) dropped 5.7% on Thursday to post a new 52-week low of $16.43 after closing at $17.42 on Tuesday. The stock’s 52-week high is $39.32. Share volume was more than 50% above the daily average of around 17 million shares traded. The copper and gold miner took a couple of downgrades on Wednesday following a poor quarterly report and a cut to its capex budget.
International Business Machines Corp. (NYSE: IBM) dropped about 1.38% on Thursday to post a new 52-week low of $149.53. The stock’s 52-week high is $199.21. Volume was about 50% above the daily average of 4.8 million shares. The company cut about 200 jobs in a Dubuque, Iowa, plant today.
Qualcomm Inc. (NASDAQ: QCOM) dropped nearly 12% on Thursday to establish a new 52-week low at $62.49 against a high of $81.97. Volume was about 4-times the daily average of around 11 million shares. The chipmaker guided 2015 earnings lower than expected.
Exxon Mobil Corp. (NYSE: XOM) posted a new 52-week low on Thursday of $86.03. Based on Wednesday night’s closing price of $87.95 that’s a drop of about 2.2%. The stock’s 52-week high is $104.76. Volume is about 20% higher than the daily average of around 15 million shares. Lower crude prices and warmer weather in the U.S. are hitting the giant company hard.
Top Gaining Stocks
Top Losing Stocks