Vale SA (NYSE: VALE) dropped about 2.5% on Wednesday to post a new 52-week low of $5.51 after closing at $5.65 on Tuesday. The stock’s 52-week high is $15.59. Share volume totaled about 20% below the daily average of around 28.9 million shares traded. The Brazilian mining giant is in a market share battle with rival iron ore producers trying to ride out the oversupply and lower prices.
SanDisk Corp. (NASDAQ: SNDK) dropped about 1% on Wednesday to post a new 52-week low of $63.00 against a 52-week high of $108.77. Shares closed at $63.62 Tuesday night. Volume was about 15% above the daily average of around 5.3 million shares. The flash memory producer was the worst performing S&P 500 index stock in the first quarter of 2015. Shares recovered by mid-morning and appear headed for a higher close.
Vivus Inc. (NASDAQ: VVUS) posted a new 52-week low on Wedesday. Shares dropped about 7.3% to $2.28 from Tuesday’s closing price of $2.46. The stock’s 52-week high is $6.28. Volume is about 15% above the daily average of around 2.5 million shares. The pharmaceutical firm released an operational update earlier this week which pushed the shares onto a steep downward trajectory. Shares are down nearly 12% since Monday.
KLA-Tencor Corp. (NASDAQ: KLAC) dropped about 1.9% on Wednesday to post a new 52-week low of $57.21 after closing at $58.29 on Tuesday. The stock’s 52-week high is $84.21. Share volume was about equal to the daily average of around 1.5 million shares traded. The semiconductor manufacturing equipment maker is another of the worst performing stocks on the S&P 500 for the first quarter of the year.
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