Micron Technology Inc. (NASDAQ: MU) dropped about 5.4% on Monday to post a new 52-week low of $18.60 against a 52-week high of $36.59. The stock closed at $19.66 on Friday night. Volume totaled nearly 40 million shares, nearly 60% above the daily average of almost 25 million. The company’s stock continues to slide as the tech sector was pretty well beaten up today.
Chesapeake Energy Corp. (NYSE: CHK) dropped nearly 2% on Monday to post a new 52-week low at $10.94 after closing at $11.16 on Friday. The stock’s 52-week high is $29.92. Share volume totaled more than 21 million, within a whisper of the daily average of around 22 million shares traded. Even an upgrade from the analysts at Sterne Agee CRT was not enough to keep the shares posting a new low again today.
MBIA Inc. (NYSE: MBI) posted a new 52-week low on Monday. Shares dropped nearly 22% to a low of $6.50 from Friday’s closing price of $8.32. The stock’s 52-week high is $16.71. Volume totaled around 18 million shares, more than 6-times higher than the stock’s daily average of around 2.8 million. The company’s exposure to Puerto Rico is haunting it after the island’s governor said that its debt is unpayable.
Hewlett-Packard Co. (NYSE: HPQ) dropped about 2.1% on Monday to post a new 52-week low of $29.90 after closing at $30.53 on Friday. The stock’s 52-week high is $41.10. Share volume totaled around 14 million shares, about 35% above the daily average of around 11 million. Analysts at Jefferies lowered their price target on the stock today.
ALSO READ: The Worst Companies to Work For
Are You Ahead, or Behind on Retirement?
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.