The 52-Week Low Club for Tuesday

Investing

Published: April 5, 2016 4:04 pm

Last Updated: March 13, 2020 7:29 pm

April 5, 2016: Here are four stocks trading with relatively heavy volume among 36 equities making new 52-week lows in Tuesday’s session. The day’s losers held a 2-to-1 advantage over gainers on the NYSE. The ratio was essentially the same on the Nasdaq.

Allergan plc (NYSE: AGN) posted a new 52-week low on Tuesday. Shares traded at a low of $226.43, down more than 18%, after closing at $277.55 on Monday. The stock’s 52-week high is $340.34. Volume totaled more than 10 times the daily average of around 3 million shares. The company’s proposed merger with Pfizer is in serious jeopardy following an announcement of tougher federal rules on tax inversions.

Barclays PLC (NYSE: BCS) dropped about 4% on Tuesday to post a new 52-week low of $8.22 against a 52-week high of $18.05. The stock closed at $8.56 on Monday night. Volume was about 20% above the stock’s daily average volume of around 4.7 million. A report at Bloomberg said the bank expects to report lower income in the first quarter of this year compared with income in 2015’s first quarter.

24/7 Wall St.
JPMorgan Very Bullish on 3 Top Technology Stocks for Rest of 2016

H&R Block Inc. (NYSE: HRB) dropped about 4.3% on Tuesday to post a new 52-week low at $25.20 after closing at $26.33 on Monday. The stock’s 52-week high is $37.53. Share volume of about 3.8million was 15% higher than the daily average of around 3.4 million shares traded. The tax preparation company had no specific news Tuesday.

HSBC Holdings plc (NYSE: HSBC) fell by about 3.9% on Tuesday to post a new 52-week low of $29.58 against a high of $50.26. The stock closed at $30.79 on Monday night. Volume rose to around 3.8 million shares, roughly in line with the daily average. The bank has featured prominently in the recently released Panama Papers.

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.