Twenty-First Century Fox Inc. (NASDAQ: FOXA) dropped about 13.7% on Thursday to post a new 52-week low at $27.56 after closing at $31.92 on Wednesday. The stock’s 52-week high is $39.27. Share volume totaled around 90 million, nearly seven times the daily average of around 14 million. The company’s stock is getting pounded as investors appear to be thinking about the long-term prospects for cable companies after a disappointing showing earlier this week by Disney.
Viacom Inc. (NASDAQ: VIAB) dropped about 23.6% on Thursday to set a new 52-week low of $39.30 after closing at $51.41 on Wednesday. The stock’s 52-week high is $82.25. Share volume totaled around 31 million shares, about 10 times the daily average of around 3 million. Another media company stock that is getting flushed on the Disney report and the sudden belief among investors of the cord-cutting phenomenon that has been chipping away at cable companies’ subscriber numbers.
Denbury Natural Resources Inc. (NYSE: DNR) posted a new 52-week low on Thursday. Shares dropped about 2.2% to a low of $3.04 from Wednesday’s closing price of $3.11. The stock’s 52-week high is $17.24. Volume rose to nearly triple the daily average of around 11 million. The company’s stock recovered nicely after posting the new low early this morning, and was headed for a gain of more than 13% as today’s session wound up.
Twitter Inc. (NYSE: TWTR) dropped about 4.4% on Thursday to post a new 52-week low of $27.23 against a 52-week high of $55.99. The stock closed at $28.48 on Wednesday night. Volume totaled about 20% more than the daily average of around 21 million shares traded. The company had no specific news today.
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