December 7, 2015: Here are four stocks trading with heavy volume among 328 equities making new 52-week lows today.
Kinder Morgan Inc. (NYSE: KMI) dropped about 10% on Monday to post a new 52-week low of $15.13 against a 52-week high of $44.71. The stock closed at $16.82 on Friday night. Volume was about 5 times the daily average of around 22 million shares traded. Investors have become increasingly uneasy with Kinder Morgan’s high leverage ratio and the sanctity of its dividend (yield of about 12% at today’s low price).
Freeport-McMoRan Inc. (NYSE: FCX) dropped about 8.4% on Monday to post a new 52-week low of $7.19 against a high of $26.15. The stock closed at $7.85 on Friday night. Volume was about equal to the daily average of around nearly 38 million shares traded. The copper and gold miner had no specific news today.
Energy Transfer Equity LP (NYSE: ETE) dropped nearly 21% on Monday to post a new 52-week low at $12.14 after closing at $15.29 on Friday. The stock’s 52-week high is $35.44. Share volume was more than triple the daily average of around 11.7 million. The company had no specific news today, but its pending acquisition of Williams has got to be sending some shareholders for the exits..
Staples Inc. (NASDAQ: SPLS) posted a new low on Monday. Shares dropped about 13.6% to a low of $10.68 from Friday’s closing price of $12.36. The stock’s 52-week high is $19.40. Volume was more than 4 times the daily average of around 8 million shares. The Federal Trade Commission has filed suit to block the office supply retailer’s merger with Office Depot.
ALSO READ: The Best and Worst Run States in America: A Survey of All 50
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.