Investing

SunPower, First Solar Slip into Wednesday's 52-Week Low Club

September 14, 2016: Here are four stocks trading with relatively heavy volume among 66 equities making new 52-week lows in Wednesday’s session. NYSE decliners led advancers by nearly 3 to 2 and Nasdaq decliners led advancers by less than a handful of percentage points.

Noble Corp. plc (NYSE: NE) dropped about 2.5% on Wednesday to post a new 52-week low of $5.30 after closing at $5.54 on Tuesday. The stock’s 52-week high is $14.64. Volume was around 20% above the daily average of around 8.8 million shares. The company had no specific news, but a second consecutive drop in oil prices is hurting the services companies.

QVCA Group (NASDAQ: QVCA) lost about about 1.7% Wednesday to post a new 52-week low of $18.78 after closing Tuesday at $19.10. The 52-week high is $28.71. Volume of around 6.8 million was approaching double the daily average of around 3.6 million. The shopping network had no specific news.

SunPower Corp. (NASDAQ: SPWR) dropped about more than 14% on Wednesday to post a new 52-week low of $7.61 against a 52-week high of $31.10. Volume of around 8.3 million was about 3 times the daily average of 2.7 million shares traded. The stock closed at $8.87 on Tuesday night. The solar module manufacturer had no specific news.

First Solar Inc. (NASDAQ: FSLR) dropped about 5.3% on Wednesday to post a new 52-week low of $34.50 against a 52-week high of $74.29. Volume of around 4.3 million was about 30% above the daily average of around 3 million. The stock closed at $36.42 on Tuesday night. Another solar energy company posting a solid drop on no specific news.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

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.