Investing
J.C. Penney, Frontier Communications Sink into Wednesday's 52-Week Low Club
Published:
Last Updated:
March 1, 2017: Here are four stocks trading with heavy volume among 74 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by about 2 to 1 and on the Nasdaq advancers led by decliners more than 3 to 1.
Frontier Communications Corp. (NASDAQ: FTR) dropped 0.1% Wednesday, to post a new 52-week low of $2.90 after closing at $2.93 on Tuesday. The stock’s 52-week high is $5.85. Volume was about 25% higher than the daily average of around 23 million shares. The company missed estimates badly on Monday, but has managed somehow to hang onto its 12.77% dividend yield..
DryShips Inc. (NASDAQ: DRYS) dropped more than 12% Wednesday to post a new 52-week low of $1.81 after closing Tuesday at $2.06. Volume of more than 28 million shares was about 80% higher than the daily average of around 16 million. The company said Monday that it would pay a dividend amount totaling $2.5 million to common stockholders. That works out to about $0.07 per share based on 36.25 million shares outstanding.
J.C. Penney Co. Inc. (NYSE: JCP) dropped about 3.8% on Wednesday to record a new 52-week low of $6.10 against a high of $11.99. The stock closed at $6.34 on Tuesday. Volume was about 5% higher than the daily average of around 21 million shares. The company had no specific news.
Cobalt International Energy Inc. (NYSE: CIE) dropped about 2.8% Wednesday, to post a new 52-week low of $0.69 after closing at $0.71 on Tuesday. The stock’s 52-week high is $3.81. Volume was about double the daily average of around 5.9 million shares. The New York Stock Exchange on Tuesday notified the company that it is no longer in compliance with the exchange’s listing standard..
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.