American Express Co. (NYSE: AXP) dropped about 1.2% on Tuesday to establish a new 52-week low at $77.12 against a high of $96.24. Volume was about 3-times the daily average of around 5.5 million shares. The financial services company still suffers from the loss of its exclusive deal with Costco last week and Guggenheim lowered Amex’s rating from Buy to Neutral today.
Helix Energy Solutions Inc (NYSE: HLX) dropped more than 18% on Tuesday to post a new 52-week low of $15.51 after closing at $19.08 on Friday. The stock’s 52-week high is $28.00. Share volume was about 3-times the daily average of around 1.4 million shares traded. The offshore energy industry services company missed both revenue and earnings estimates this morning.
Ralph Lauren Corp. (NYSE: RL) posted a new 52-week low on Tuesday. Shares dropped about 1.3% to $133.49 from Friday’s closing price of $135.20. The stock’s 52-week high is $187.49. Volume is about equal to the daily average of around 1.1 million shares. The apparel maker had no specific news today.
Rayonier Advanced Materials Inc. (NYSE: RYAM) dropped about 6.5% on Tuesday to post a new 52-week low of $16.43 after closing at $17.58 on Friday. The stock’s 52-week high is $44.18. Share volume was about 15% higher than the daily average of around 700,000 shares traded. The cellulose fiber and material maker had no specific news today.
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