November 27, 2015: Here are four stocks trading with heavy volume among 42 equities making new 52-week lows today. U.S. markets closed at 1:00 p.m. ET today.
Vale SA (NYSE: VALE) posted a new low on Friday. Shares dropped about 4.8% to a low of $3.55 from Wednesday’s closing price of $3.73. The stock’s 52-week high is $9.21. Volume was about half the daily average of around 25.5 million shares. The collapse of Brazilian dam that dumped mine tailings into Rio Doce was a joint venture with BHP Billiton likely resulted in the removal of the stock from an corporate sustainability index.
BHP Billiton Ltd. (NYSE: BHP) dropped about 4.1% on Friday to post a new 52-week low of $26.40 against a 52-week high of $52.98. The stock closed at $27.53 on Wednesday night. Volume was about equal to the daily average of around 3.5 million shares traded. The collapse of that Brazilian dam hit BHP’s shares as well, even though the company released a statement this morning saying that the tailings released from the burst dam were stable and are not harmful to human health.
Teck Resources Ltd. (NYSE: TCK) dropped about 3.1% on Friday to post a new 52-week low of $4.03 against a high of $16.40. The stock closed at $4.16 on Wednesday night. Volume totaled about 70% less than the daily average of around 9.1 million shares traded. The Canada-based mining company had no specific news today.
Abengoa Yield plc (NASDAQ: ABY) dropped by about 7.7% on Friday to post a new 52-week low at $14.10 after closing at $15.28 on Wednesday. The stock’s 52-week high is $38.84. Share volume was about 10% higher than the daily average of around 1.2 million. The yieldco has been hit hard by the insolvency issue that hit its sponsor, Abengoa SA, earlier this week.
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