January 27, 2016: Here are four stocks trading with heavy volume among 106 equities making new 52-week lows today.
The Boeing Co. (NYSE: BA) dropped about 10% on Wednesday to post a new 52-week low of $115.02 against a 52-week high of $158.83. The stock closed at $128.01 on Tuesday night. Volume topped 25 million shares, about 7 times the stock’s daily average volume of around 3.8 million. The aerospace and defense giant announced decent earnings today, but the forecast was weak as it cuts production of one of its most profitable planes.
Santander Consumer USA Holdings Inc. (NYSE: SC) fell by nearly 20% on Wednesday to post a new 52-week low of $10.73 against a high of $26.83. The stock closed at $13.40 on Tuesday night. Volume rose to around 11 million, 5 times the daily average of around 2.2 million shares traded. The U.S.-based consumer finance business of the Spanish bank reported worse-than-expected fourth-quarter results today.
VMware Inc. (NYSE: VMW) posted a new 52-week low on Wednesday. Shares traded at a low of $44.02, down nearly 11%, after closing at $49.28 on Tuesday. The stock’s 52-week high is $93.43. Volume of nearly 7 million was more than double the daily average of around 2 million shares. The enterprise software company reported soft results and offered a weak outlook for the current quarter.
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Harley-Davidson Inc. (NYSE: HOG) dropped about 3.6% on Wednesday to post a new 52-week low at $37.18 after closing at $38.55 on Tuesday. The stock’s 52-week high is $65.28. Share volume totaled nearly 7 million shares compared with the daily average of around 2.9 million shares traded. The motorcycle maker is scheduled to report fourth quarter results tomorrow.
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