The 52-Week Low Club for Friday

December 18, 2015: Here are four stocks trading with heavy volume among 271 equities making new 52-week lows today.

Energy Transfer Equity (NYSE: ETE) dropped nearly 7% on Friday to post a new 52-week low of $10.97 against a 52-week high of $35.44. The stock closed at $11.76 on Thursday night. Volume topped 26 million shares, about 80% above the daily average of around 15 million shares traded. The company’s acquisition of Williams continues to rattle investors who are wary of the energy transportation business while energy prices continue dropping.

Williams Companies Inc. (NYSE: WMB) slipped about 8.8% on Friday to post a new 52-week low of $21.61 against a high of $61.38. The stock closed at $23.70 on Thursday night. Volume was about more than double the daily average of around 10 million shares traded. The object of ETE’s acquisition fared no better today, even though Jefferies upgraded the stock to Buy.

CarMax Inc. (NYSE: KMX) posted a new low on Friday. Shares dropped about 11.5% to a low of $50.58 from Thursday’s closing price of $57.15. The stock’s 52-week high is $75.40. Volume was more than 8 times the daily average of around 2 million shares. The used car dealer reported lower-than-expected profits and revenues this morning, largely the result of lower same-store sales and competition from new car dealers.

Whiting Petroleum Corp. (NYSE: WLL) dropped about 7.7% on Friday to post a new 52-week low at $8.97 after closing at $9.72 on Thursday. The stock’s 52-week high is $41.57. Share volume was more than 50% higher than the daily average of around 10 million. The energy company had no specific news today, but has been tracking falling crude oil prices for several days now.

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