Teekay Tankers, PPL Corp. Drop into Tuesday's 52-Week Low Club

Investing

Published: December 19, 2017 4:04 pm

Last Updated: January 12, 2020 5:17 am

December 19, 2017: Here are four stocks trading with heavy volume among 63 equities making new 52-week lows in Tuesday’s session. On the NYSE decliners led advancers by about 2 to 1 and on the Nasdaq, decliners led advancers by more than 3 to 2.

Teekay Tankers Ltd. (NYSE: TNK) dropped about 9.5% Tuesday to post a new 52-week low of $1.34 after closing at $1.48 on Monday. The 52-week high is $2.70. Volume was around 6.1 million, more than three times the daily average of around 1.5 million. The company had no specific news.

PPL Corp. (NYSE: PPL) posted a 52-week low of $32.48 after closing Monday at $33.97. The 52-week high is $40.20. Volume was about 5.9 million, nearly a third higher than the daily average of around 3.9 million shares. The electric utility company had no specific news.

Nordic American Tankers Ltd. (NYSE: NAT) dropped about 3% Tuesday to post a new 52-week low of $2.51 after closing at $2.59 on Monday. Volume was around 2.8 million, about double the daily average of around 1.4 million. The firm sent shareholders a letter Monday morning explaining the shipper’s recapitalization program. Apparently the explanation did not sit well.

Welltower Inc. (NYSE: HCN) posted a new 52-week low of $64.11 Tuesday after closing at $67.34 on Monday. The stock’s 52-week high is $78.17. Volume of about 2.8 million was about 35% below the daily average. The company had no specific news. The healthcare property REIT had no specific news today.

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