Petroleo Brasileiro SA (NYSE: PBR) dropped about 5% on Wednesday to post a new 52-week low at $3.89 after closing at $4.10 on Tuesday. The stock’s 52-week high is $17.64. Share volume was about 10% above the daily average of around 32.6 million. The Brazilian oil giant had no specific news today, but a drop in crude oil prices following weak manufacturing data from China did nothing to brighten Petrobras’s outlook.
Itaú Unibanco Holding SA (NYSE: ITUB) dropped about 5.6% on Wednesday to post a new 52-week low of $6.36 against a 52-week high of $16.21. The stock closed at $6.74 on Tuesday night. Volume is about equal to the daily average of around 16.8 million shares traded. Brazil’s currency hit an all-time low earlier today.
Barrick Gold Corp. (NYSE: ABX) posted a new 52-week low on Wednesday. Shares dropped about 3.3% to a low of $5.91 from Tuesday’s closing price of $6.11. The stock’s 52-week high is $15.65. Volume was about 30% below the daily average of around 21 million. Some of the company’s operations in Argentina have been suspended due to a spill.
United States Steel Corp. (NYSE: X) dropped about 5.6% on Wednesday to set a new 52-week low of $11.16 after closing at $11.82 on Tuesday. The stock’s 52-week high is $44.18. Share volume is about 10% below the daily average of around 11 million. The company is scheduled to resume talks with its United Steelworkers union employees this weekend.
ALSO READ: Largest Industry in Each State
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
