Investing

The 52-Week Low Club for Friday

Stock PriceOctober 16, 2015: Here are four stocks trading with heavy volume among 25 equities making new 52-week lows today.

Quanta Services Inc. (NYSE: PWR) dropped nearly 30% on Friday to post a new 52-week low of $18.51 against a high of $35.33. The stock closed at $26.21 on Thursday night. Volume was more than 6 times the daily average of around 3.3 million shares traded. The company warned on third- and fourth-quarter earnings results this morning.

Wal-Mart Stores Inc. (NYSE: WMT) dropped about 1.6% on Friday to post a new 52-week low of $58.37 against a 52-week high of $90.97. The stock closed at $59.33 on Thursday night. Volume was more than double the daily average of around 10.5 million shares traded. The company warned on earnings Wednesday and investors continue to flee the stock, although the stampede has slowed.

Seagate Technology PLC dropped more than 6.7% on Friday to post a new 52-week low at $38.64 after closing at $41.44 on Thursday. The stock’s 52-week high is $69.40. Share volume was nearly 5 times the daily average of around 4.8 million. The company warned on third quarter earnings Thursday and the carnage continues, although the daily loss is less than half as large as Thursday’s.

PDL Biopharma Inc. (NASDAQ: PDLI) posted a new low on Friday. Shares dropped about 5.6% to a low of $4.40 from Thursday’s closing price of $4.66. The stock’s 52-week high is $8.60. Volume was more than 3 times the daily average of around 2.7 million. The company had no specific news today.

ALSO READ: 10 Cheapest Cars in America

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.