Chesapeake Energy Corp. (NYSE: CHK) dropped about 3.9% on Tuesday to post a new 52-week low of $13.68 against a high of $29.92. Volume was about 35% higher than the daily average of around 17 million shares. The oil & gas company had no specific news today, but shares probably reacted to a stronger dollar. The company posted a new 52-week low yesterday as well, and has lost about 10% in the combined two sessions.
Itau Unibanco Holding SA (NYSE: ITUB) dropped another 3.7% on Tuesday to post a new 52-week low of $10.45 after closing at $10.85 on Monday. The stock’s 52-week high is $18.49. Share volume was more than triple the daily average of around 13 million shares traded. While Brazil did not make any headlines today, the country is still living on the brink of a mess.
Petroleo Brasileiro SA (NYSE: PBR) posted a new 52-week low on Tuesday. Shares dropped about 5% to $5.31 from Monday’s closing price of $5.59. The stock’s 52-week high is $20.94. Volume is about 15% below the daily average of around 44 million shares. A former Petrobras executive admitted (again) that he took bribes while working for the company and also said he believes that government officials took twice as much as he did.
Tiffany & Co. (NYSE: TIF) dropped nearly 2% on Tuesday to post a new 52-week low of $82.75 after closing at $84.41 on Monday. The stock’s 52-week high is $110.60. Share volume was about 10 % above the daily average of around 1.5 million shares traded. The luxury retailer had no news today
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