Investing
British Banks Lloyds, RBS Top Tuesday's 52-Week Low Club
Published:
Last Updated:
July 5, 2016: Here are four stocks trading with relatively heavy volume among 39equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by about 3 to 1 and Nasdaq decliners led advancers by somewhat less than that.
Lloyds Banking Group plc (NYSE: LYG) fell by about 8.8% on Tuesday to post a new 52-week low of $2.71 against a high of $5.54. The stock closed at $2.77 on Friday night. Volume reached around 45.5 million shares, about 9 times the stock’s daily average of around 5.4 million. The bank had no specific news Tuesday.
Royal Bank of Scotland Group plc (NYSE: RBS) fell by about 9.5% on Tuesday to post a new 52-week low of $4.17 against a high of $11.27. The stock closed at $4.61 on Friday night. Volume reached around 8.1 million shares, approaching double the stock’s daily average of around 2.5 million. The bank had no specific news Tuesday.
Credit Suisse Group AG (NYSE: CS) dropped about 5.7% on Tuesday to post a new 52-week low of $10.25 against a 52-week high of $29.99. Volume was about equal to the daily average of around 4.6 million. The stock closed at $10.87 on Friday night. The company had no specific news, but concerns about the British banking system have not abated much since last week.
Valero Energy Corp. (NYSE: VLO) dropped about 4% on Tuesday to post a new 52-week low of $49.33 against a 52-week high of $73.88. Volume is about equal to the daily average of around 5.8 million. Oil refining margins are under pressure from high U.S. inventory levels.
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.