April 18, 2016: Here are four stocks trading with relatively heavy volume among 13 equities making new 52-week lows in Monday’s session. The day’s NYSE advancing stocks beat decliners by about 2.5 to 1 and Nasdaq advancers led decliners by more than 2 to 1 in Monday’s trading.
Calumet Specialty Products Partners LP (NASDAQ: CLMT) posted a new 52-week low on Monday. Shares traded at a low of $4.90, down about 52%, after closing at $10.27 on Friday. The stock’s 52-week high is $28.49. Volume totaled about 15 times the daily average of around 620,000 shares. The master limited partnership suspended its quarterly cash distribution of $0.685 per common unit ($2.74 annualized) and announced a privalte place of $400 million in senior secured notes due 2021 at a coupon of 11.5%.
Seagate Technology PLC (NASDAQ: STX) dropped about 1.8% on Monday to post a new 52-week low of $25.14 against a 52-week high of $60.09. The stock closed at $25.59 on Friday night. Volume was 50% higher than the stock’s daily average volume of around 6.4 million shares. The hard drive maker had no specific news Monday, but last Wednesday’s warning hasn’t stopped bashing the shares around.
Chiasma Inc. (NASDAQ: CHMA) fell by nearly 64% on Monday to post a new 52-week low of $3.71 against a high of $30.52. The stock closed at $10.17 on Friday night. Volume totaled about 6.5 million shares, about 20 times the daily average of around 325,000. The biopharma firm was told that its octreotide drug is not ready for FDA approval in its present form.
Liberty Media Corp. (NASDAQ: LMCA) dropped about 52% on Monday to post a new 52-week low at $18.77 after closing at $39.06 on Friday. The stock’s 52-week high is $42.22. Share volume of around 3 million was about 3 times the daily average of about 1 million shares traded. The media company completed its reclassification of common stock into three new tracking stocks with each prior share of common stock exchanged for 0.1 share of Liberty Braves series A common stock, one share of Liberty SiriusXM common stock, and 0.25 share of series A Liberty Media common stock.
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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.