This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
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.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
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
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.