December 1, 2015: Here are four stocks trading with heavy volume among 57 equities making new 52-week lows today.
Kinder Morgan Inc. (NYSE: KMI) dropped about 5.1% on Tuesday to post a new 52-week low of $22.37 against a 52-week high of $44.71. The stock closed at $23.57 on Monday night. Volume was about 30% above the daily average of around 18 million shares traded. The company’s debt was downgraded at Moody’s today.
Vale SA (NYSE: VALE) posted a new low on Tuesday. Shares dropped about 2.7% to a low of $3.26 from Monday’s closing price of $3.37. The stock’s 52-week high is $9.14. Volume was about 25% below the daily average of around 25.7 million shares. The company estimated a negative impact of $443 million related to the recent dam failure, and is also planning to cut spending next year..
Joy Global Inc. (NYSE: JOY) dropped more than 15% on Tuesday to post a new 52-week low of $13.00 against a high of $54.19. The stock closed at $15.35 on Monday night. Volume totaled about 3 times the daily average of around 5.3 million shares traded. The heavy equipment maker’s rating was cut to Underperform at Merrill Lynch today.
Cummins Inc. (NYSE: CMI) dropped by about 8.4% on Tuesday to post a new 52-week low at $91.92 after closing at $100.37 on Monday. The stock’s 52-week high is $151.25. Share volume was about 5 times the daily average of around 2.2 million. The engine maker was also hit with a downgrade from Merrill Lynch today.
ALSO READ: 7 States Where Americans Are Moving
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
