February 10, 2016: Here are four stocks trading with heavy volume among 237 equities making new 52-week lows today.
SolarCity Corp. (NASDAQ: SCTY ) dropped about 31% on Wednesday to post a new 52-week low at $18.26 after closing at $26.35 on Tuesday. The stock’s 52-week high is $63.79. Share volume totaled about 7 times the daily average of around 4.3 million shares traded. The solar PV installer offered weak first-quarter guidance after markets closed on Tuesday.
The Walt Disney Co. (NYSE: DIS) posted a new 52-week low on Wednesday. Shares traded at a low of $86.25, down about 6.6%, after closing at $92.32 on Tuesday. The stock’s 52-week high is $122.08. Volume of about 3 times the daily average of around 10 million shares. Another earnings report that did not please investors.
Time Warner Inc. (NYSE: TWX) fell by about 12% on Wednesday to post a new 52-week low of $55.53 against a high of $91.34. The stock closed at $63.21 on Tuesday night. Volume rose to about 25 million, more than 3 times the daily average of about 7.2million shares traded. The media company released a pretty good earnings report that had a few holes, and those were what investors seized on today.
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First Data Corp. (NYSE: FDC) dropped about 21% on Wednesday to post a new 52-week low of $8.76 against a 52-week high of $17.99. The stock closed at $11.10 on Tuesday night. Volume reached nearly 21 million shares, about 7 times the stock’s daily average volume of around 3 million. First Data, too, missed profit estimates but the revenue total was much better than expected.
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