The 52-Week Low Club for Monday

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.

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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.