May 3, 2016: Here are four stocks trading with relatively heavy volume among 47 equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by about 3 to 1 while Nasdaq decliners led advancers by about roughly the same ratio.
Twitter Inc. (NYSE: TWTR) posted a new 52-week low on Tuesday. Shares traded at a low of $13.90, down about 3.5%, after closing at $14.40 on Monday. The stock’s 52-week high is $38.82. Volume was about 10% below the daily average of around 23.7 million shares. The social media company had an awful April, down nearly 12%, and apparently the bloodshed isn’t over yet.
Seagate Technology PLC (NASDAQ: STX) dropped by about 5.6% on Tuesday to post a new 52-week low at $19.34 after closing at $20.48 on Monday. The stock’s 52-week high is $58.98. Share volume of was about 70% above the daily average of around 7 million shares traded. The hard drive maker received a Sell rating from J.P. Morgan on Monday, but there was no other specific news Tuesday.
American Airlines Group Inc. (NASDAQ: AAL) dropped about 1.7% on Tuesday to post a new 52-week low of $33.85 against a 52-week high of $50.30. The stock closed at $34.43 on Monday night. Volume was slightly above the stock’s daily average volume of around 8.7 million shares. The company’s CEO says he is working without a net, er, contract by his own choice. Doug Parker no longer receives a base salary, an annual bonus, or any other cash compensation. He is paid in grant of American Airlines stock once a year in April according to a report at Forbes.
Western Refining ) fell by 9.4% on Tuesday to post a new 52-week low of $24.20 against a high of $50.71. The stock closed at $26.70 on Monday night. Volume totaled around 4 million shares, about 60% above the stock’s daily average. The refining company missed earnings estimates this morning.
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