January 11, 2016: Here are four stocks trading with heavy volume among 834 equities making new 52-week lows today.
Freeport- McMoRan Inc. (NYSE: FCX) dropped nearly 21% on Monday to post a new 52-week low of $4.29 against a 52-week high of $23.97. The stock closed at $5.41 on Friday night. Volume topped 100 million shares, about two and a half times the stock’s daily average volume of around 38 million. The bankruptcy filing by Arch Coal this morning was a weight on the backs of all commodity producers. Freeport was hit especially hard because copper and gold prices fell too.
Kinder Morgan Inc. (NYSE: KMI) fell about 5.8% on Monday to post a new 52-week low of $13.91 against a high of $44.71. The stock closed at $14.77 on Friday night. Volume rose to about 25 million, about a third below the daily average of around 38 million shares traded. Crude oil prices fell about 5% Monday, and Kinder Morgan stock gets hit hard when oil prices fall.
Petroleo Brasileiro SA (NYSE: PBR) dropped about 2.7% on Monday to post a new 52-week low at $3.65 after closing at $3.75 on Friday. The stock’s 52-week high is $10.55. Share volume totaled around 21 million shares compared with the daily average of around 27 million shares traded. Brazilian tax agencies are investigating several banks for money-laundering at an engineering company that allegedly committed fraud in dealing with a union at Petrobras. Sinking crude oil prices just added to the pain.
Citigroup Inc. (NYSE: C) posted a new low on Monday. Shares dropped about 0.4% to a low of $45.93 from Friday’s closing price of $46.13. The stock’s 52-week high is $60.95. Volume was nearly 15% higher than the daily average of around 17 million shares. The big bank has a more exposure to China than other large U.S. banks.
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.
Latest from 24/7
