Sprint, AT&T Fall into Monday's 52-Week Low Club

Investing

Published: November 6, 2017 4:04 pm

Last Updated: January 12, 2020 6:35 am

November 6, 2017: Here are four stocks trading with heavy volume among 111 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by nearly 3 to 2 and on the Nasdaq advancers led decliners by more than 8 to 7.

Sprint Corp. (NYSE: S) dropped about 14% Monday to post a new 52-week low of $5.72 after closing at $6.67 on Friday. The 52-week high is $9.65. Volume was around 55 million, more than four times the daily average of about 13.7 million. The company’s on-again, off-again merger with T-Mobile is off again.

AT&T Inc. (NYSE: T) dropped about 2.3% Monday to post a new 52-week low of $32.55 after closing at $33.30 on Friday. The 52-week high is $43.03. Volume was around 39 million, about 30% higher the daily average of around 29 million. The company had no specific news Monday.

Pandora Media Inc. (NYSE: P) dropped more than 7% Monday to post a new 52-week low of $5.19 after closing at $5.59 on Friday. The stock’s 52-week high is $14.10. Volume of around 28 million was more than 4 times the daily average. The streaming music company posted a smaller-than-expected loss but missed revenues when it reported Thursday night.

Twenty-First Century Fox Inc. (NASDAQ: FOXA) posted a new 52-week low of $24.81 on Monday, down about 0.6% from Friday’s closing price of $24.97. The stock’s 52-week high is $32.60. Volume totaled around 22 million shares, more than three times the daily average. The company is reportedly discussing a sale of most of its entertainment assets to Disney. Reports of the talks sent Fox shares up by around 10% in the late afternoon.

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