Investing
Frontier Communications, Whiting Petroleum, Ensco Stumble into Wednesday's 52-Week Low Club
Published:
Last Updated:
June 21, 2017: Here are four stocks trading with heavy volume among 158 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by nearly 2 to 1 and on the Nasdaq, decliners led advancers by about 15 to 13.
Frontier Communications Corp. (NASDAQ: FTR) posted a new 52-week low of $1.12 on Wednesday, down more than 8% compared with Tuesday’s closing price of $1.22. Volume totaled more than 36 million shares, about 10% lower than the daily average of around 41.5 million. The company had no specific news.
Whiting Petroleum Corp. (NYSE: WLL) dropped nearly 10% Wednesday to post a new 52-week low of $5.11 after closing at $5.70 on Tuesday. The stock’s 52-week high is $13.39. Volume of more than 28 million was over 50 % higher than the daily average. The company had no specific news, but lower crude oil prices hit this Bakken producer hard.
Ensco plc (NYSE: ESV) dropped more than 9% Wednesday to post a new 52-week low of $4.89 after closing at $5.38 on Tuesday. Volume was around 20 million, about 65% higher than the daily average of around 12 million shares. The offshore drilling company had no specific news.
Transocean Ltd. (NYSE: RIG) dropped about 6.5% Wednesday to post a new 52-week low of $7.67 after closing Tuesday at $8.20. The 52-week high is $16.66. Volume was about 20% higher than the daily average of about 12 million shares. The company had no specific news.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
