Intel Corp. (NASDAQ: INTC) posted a new 52-week low on Thursday. Shares dropped about 2.3% to a low of $28.82 from Wednesday’s closing price of $29.50. The stock’s 52-week high is $37.90. Volume totaled more than 38 million shares, about 33% higher than the stock’s daily average of around 20 million. The company had no specific news today, but all the recent news about chip sales from AMD and Micron has been poor.
Micron Technology Inc. (NASDAQ: MU) dropped about 2.6% on Thursday to post a new 52-week low at $17.17 after closing at $17.63 on Wednesday. The stock’s 52-week high is $36.59. Share volume totaled more than 30 million, about 15% above the daily average of around 25 million shares traded. Shares continue to drift downward even though there is no news on the company.
Hertz Global Holdings Inc. (NYSE: HTZ) dropped about 1.8% on Thursday to post a new 52-week low of $16.65 after closing at $16.95 on Wednesday. The stock’s 52-week high is $31.61. Share volume totaled more than 9 million shares, about 30% above the daily average of around 6.5 million. The company had no specific news today.
Frontier Communications Inc. (NASDAQ: FTR) dropped less than 1% on Thursday to post a new 52-week low of $4.79 against a 52-week high of $8.46. The stock closed at $4.83 on Wednesday night. Volume totaled nearly 19 million shares, about 15% below the daily average of around 24 million. The company had no news today.
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