SunEdison Inc. (NYSE: SUNE) dropped about 20% on Monday to post a new 52-week low at $6.76 after closing at $8.50 on Friday. The stock’s 52-week high is $33.45. Share volume was about 15% below the daily average of around 29 million. The solar energy company had no news today, but falling oil prices do affect investors’ view of all energy stocks, and crude oil slipped nearly 3% today. SunEdison also suffers from uncertainty among investors over the value of the company’s aggressive acquisitions.
Energy Transfer Equity LP (NYSE: ETE) dropped about 12.7% on Monday to post a new 52-week low of $20.29 against a 52-week high of $35.44. The stock closed at $23.24 on Friday night. Volume is about more than double the daily average of around 6.5 million shares traded. The MLP said this morning that it has agreed to acquire Williams Companies in a cash and stock deal worth nearly $38 billion.
Yahoo! Inc. (NASDAQ: YHOO) posted a new 52-week low on Monday. Shares dropped about 5.8% to a low of $27.45 from Friday’s closing price of $29.13. The stock’s 52-week high is $52.62. Volume was about 50% higher than the daily average of around 15 million. The company had no news today, but the value of its stake in Alibaba continues to decline.
Williams Companies Inc. (NYSE: WMB) dropped about 12.5% on Monday to post a new 52-week low of $36.39 against a 52-week high of $61.38. The stock closed at $41.60 on Friday night. Volume nearly doubled the daily average of around 8 million shares traded. The energy transportation company is being acquired Energy Transfer Equity, but the deal is not sending share prices to dizzying heights, that’s for sure..
ALSO READ: Cities Spending the Most (and Least) per Student
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
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.