Alcoa Inc. (NYSE: AA) posted a new 52-week low on Wednesday. Shares dropped about 5.4% to a low of $10.46 from Tuesday’s closing price of $11.06. The stock’s 52-week high is $17.75. Volume totaled more than 27 million shares, about 33% higher than the stock’s daily average of around 20 million. The company reports earnings after markets close today, and expectations are low.
Advanced Materials Inc. (NASDAQ: AMAT) dropped about 3.3% on Wednesday to post a new 52-week low at $18.54 after closing at $19.17 on Tuesday. The stock’s 52-week high is $25.71. Share volume totaled more than 13 million, about 30% below the daily average of around 22 million shares traded. Weakness in the semiconductor market spells weakness for the makers of equipment to manufacture semiconductors.
Advanced Micro Devices Inc. (NASDAQ: AMD) dropped about 3.8% on Wednesday to post a new 52-week low of $2.01 after closing at $2.09 on Tuesday. The stock’s 52-week high is $4.80. Share volume totaled more than 11 million shares, about 30% below the daily average of around 16 million. The company cut guidance yesterday and dropped about 18%. Today’s loss is an extension of that sad tale.
Xerox Corp. (NYSE: XRX) dropped about 2.8% on Wednesday to post a new 52-week low of $10.28 against a 52-week high of $14.36. The stock closed at $10.58 on Tuesday night. Volume totaled around 9 million shares, about 10% below the daily average of around 10 million. The company had no news today.
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