April 6, 2016: Here are four stocks trading with relatively heavy volume among 20 equities making new 52-week lows in Wednesday’s session. The day’s gainers held a nearly 3-to-1 advantage over losers on the NYSE. The ratio was about 2.5-to-1 on the Nasdaq.
HSBC Holdings plc (NYSE: HSBC) fell by about 1% on Wednesday to post a new 52-week low of $29.33 against a high of $50.26. The stock closed at $29.64 on Tuesday night. Volume totaled around 2.4million shares, about 25% below the daily average. The bank was among the top 10 banks that Panama Papers firm Mossack Fonseca used to open shell companies. Affiliates of HSBC opened 2,300 shell companies for the firm, mostly since the 1990s.
STMicroelectronics NV (NYSE: STM) posted a new 52-week low on Wednesday. Shares traded at a low of $5.11, down about 2.5%, after closing at $5.24 on Tuesday. The stock’s 52-week high is $9.98. Volume totaled more than 10% less than the daily average of around 980,000 shares. The company’s stock swung to a gain in the late morning and is on track to close the trading session up about 0.4%.
The Royal Bank of Scotland Group plc (NYSE: RBS) dropped about 1.7% on Wednesday to post a new 52-week low of $5.86 against a 52-week high of $11.63. The stock closed at $5.96 on Tuesday night. Volume was about a third below the stock’s daily average volume of around 1.2 million. A bank had no specific news on Wednesday.
Sears Holdings Corp. (NASDAQ: SHLD) dropped about 2.8% on Wednesday to post a new 52-week low at $14.17 after closing at $14.58 on Tuesday. The stock’s 52-week high is $44.72. Share volume of about 500,000 was about 30% below the daily average of around 650,000 shares traded. The struggling retailer had no specific news on Wednesday.
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