Micron Technology Inc. (NASDAQ: MU) dropped about 19% on Friday to post a new 52-week low of $19.43 against a 52-week high of $36.59. The stock closed at $24.02 on Thursday night. Volume totaled a whopping 127 million shares, nearly 6-times the daily average of about 22.8 million. The company’s quarterly earnings report was disappointing and investors were not listening to any excuses.
Peabody Energy Corp. (NYSE: BTU) posted a new 52-week low on Friday. Shares dropped nearly 17% to a low of $1.92 from Thursday’s closing price of $2.30. The stock’s 52-week high is $16.71. Volume totaled more than 20 million shares, more than a third higher than the stock’s daily average of around 15 million. The company had no specific news today, but a pending Supreme Court ruling on coal plant closures is causing concern among investors.
Chesapeake Energy Corp. (NYSE: CHK) dropped about 0.9% on Friday to post a new 52-week low at $11.00 after closing at $11.11 on Thursday. The stock’s 52-week high is $29.92. Share volume totaled about 15 million, nearly 40% below the daily average of around 22 million shares traded. The company was downgraded by UBS yesterday and oil prices dropped again today and slipped 0.6% for the week to finish the five trading days below $60 a barrel.
Hewlett-Packard Co. (NYSE: HPQ) dropped about 3% on Friday to post a new 52-week low of $30.27 after closing at $31.21 on Thursday. The stock’s 52-week high is $41.10. Share volume totaled around 13 million shares, about 30% above the daily average of around 11 million. The company had no specific news today, so weakness in the tech sector generally must have hit HP particularly hard.
Top Gaining Stocks
Top Losing Stocks