February 11, 2016: Here are four stocks trading with heavy volume among 769 equities making new 52-week lows today.
Bank of America Corp. (NYSE: BAC ) dropped about 8.3% on Thursday to post a new 52-week low at $10.99 after closing at $11.98 on Wednesday. The stock’s 52-week high is $18.48. Share volume totaled about 3 times the daily average of around 108 million shares traded. The big bank is worrisome to investors with all the concerns over negative interest rates.
Citigroup Inc. (NYSE: C) posted a new 52-week low on Thursday. Shares traded at a low of $34.52, down about 7.7%, after closing at $37.41 on Wednesday. The stock’s 52-week high is $60.95. Volume of nearly double the daily average of around 22 million shares. Another victim of investor concern over where bank profits are likely to go.
Twitter Inc. (NYSE: TWTR) fell by about 7.1% on Thursday to post a new 52-week low of $13.91 against a high of $91.34. The stock closed at $14.98 on Wednesday night. Volume rose to about 34 million, about 60% above the daily average of about 20 million shares traded. Investors worry that user growth is stalled at the social media company.
24/7 Wall St.The Boeing Co. (NYSE: BA) dropped about 12.3% on Thursday to post a new 52-week low of $120.10 against a 52-week high of $158.83. The stock closed at $116.36 on Wednesday night. Volume reached nearly 32 million shares, about 7 times the stock’s daily average volume of around 4.8 million. A report at Bloomberg cites sources who say the company’s program accounting method is being investigated by the SEC.
It’s Your Money, Your Future—Own It (sponsor)
Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.
If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.
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.