January 15, 2016: Here are four stocks trading with heavy volume among 1,111 equities making new 52-week lows today.
Bank of America Corp. (NYSE: BAC) dropped about 5.7% on Friday to post a new 52-week low of $14.13 against a 52-week high of $18.48. The stock closed at $14.99 on Thursday night. Volume topped 110 million shares, about 35% higher than the stock’s daily average volume of around 82 million. The bank reports fourth-quarter results Tuesday morning, and investors did not like what they heard from either Wells Fargo or Citi this morning.
Citigroup Inc. (NYSE: C) dropped about 7.8% on Friday to post a new 52-week low at $41.85 after closing at $45.38 on Thursday. The stock’s 52-week high is $60.95. Share volume totaled around 42 million shares compared with the daily average of around 18 million shares traded. A big bank reported solid earnings this morning, but most of the gain was due to cost savings, not much higher revenues, and given the way 2016 has started out for equities, investors can be forgiven for being cautious.
Alcoa Inc. (NYSE: AA) fell about 6.5% on Friday to post a new 52-week low of $6.77 against a high of $17.10. The stock closed at $7.24 on Thursday night. Volume rose to around 42 million, about 20% above the daily average of around 31 million shares traded. Lasting weakness in aluminum prices have sucked all the air out of the stock.
Chesapeake Energy Corp. (NYSE: CHK) posted a new low on Friday. Shares dropped nearly 10% to a low of $3.28 from Thursday’s closing price of $3.64. The stock’s 52-week high is $21.49. Volume was about equal to the daily average of around 23 million shares. The company had no specific news today, but natural gas prices have fallen about 2% today, oil is down nearly 6%, and neither is good news for Chesapeake.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.