Offshore Drillers Ensco, Noble Energy in Tuesday's 52-Week Low Club

Investing

Published: September 13, 2016 4:04 pm

Last Updated: January 13, 2020 3:35 am

September 13, 2016: Here are four stocks trading with relatively heavy volume among 51 equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by nearly 9 to 1 and Nasdaq decliners led by advancers 4 to 1.

Ensco plc) lost about about 9.5% Tuesday to post a new 52-week low of $6.67 after closing Monday at $7.37. The 52-week high is $18.93. Volume of around 11 million was nearly 50% more than the daily average of around 7.7 million. The offshore driller had no specific news Tuesday, but a 3% drop in crude oil prices sealed the stock’s fate.

The Kroger Co. (NYSE: KR) dropped about 1.4% on Tuesday to post a new 52-week low of $30.45 against a 52-week high of $42.75. Volume of around 10.2 million was about equal to the daily average. The stock closed at $30.89 on Monday night. The company had no specific news.

Noble Corp. plc (NYSE: NE) dropped about 7.7% on Tuesday to post a new 52-week low of $5.42 after closing at $5.87 on Monday. The stock’s 52-week high is $14.64. Volume was around 10% above the daily average of around 8.7 million shares. The company had no specific news and didn’t need any to send the stock price down on the drop in oil prices.

Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) dropped about 2% on Tuesday to post a new 52-week low of $6.75 against a 52-week high of $10.58. Volume of around 6.1 million was about 40% above the daily average of around 4 million. The stock closed at $6.89 on Monday night. The company had no specific news Tuesday.

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