Chesapeake Energy Inc. (NYSE: CHK) dropped about 4.2% on Wednesday to post a new 52-week low of $12.01 after closing at $12.53 on Tuesday. The stock’s 52-week high is $29.92. Share volume totaled around 18 million, about 80% of the daily average of around 22.5 million shares traded. Chesapeake is very sensitive to the price of natural gas which has been very low this year and dropped another 1.4% today.
Groupon Inc. (NASDAQ: GRPN) dropped about 4.8% on Wednesday to post a new 52-week low of $5.32 after closing at $5.59 on Tuesday. The stock’s 52-week high is $8.43. Share volume totaled more than 18 million shares, about double the daily average of around 9.1 million. The company had no specific news today.
Alcoa Inc. (NYSE AA) dropped about 1.4% on Wednesday to post a new 52-week low of $11.85 against a 52-week high of $17.75. The stock closed at $12.02 on Tuesday night. Volume totaled about 12 million shares, slightly more than half the daily average of around 23 million shares. The company had no specific news today, but the aluminum glut is still weighing down shares.
Goldcorp Inc. (NYSE: GG) posted a new 52-week low on Wednesday. Shares dropped about 1.2% to a low of $16.20 from Tuesday’s closing price of $16.40. The stock’s 52-week high is $29.65. Volume totaled around 9 million shares, about 30% above the stock’s the daily average of 7.3 million. The company was one of many gold miners hit today by the drop in the price of gold.
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