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..
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