Investing
Southwestern Energy, Range Resources Drop into Monday's 52-Week Low Club
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January 29, 2018: Here are four stocks trading with heavy volume among 86 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 4 to 1 and on the Nasdaq, advancers led decliners by more than 2 to 1.
Southwestern Energy Co. (NYSE: SWN) traded down 7.4% Monday and posted a new 52-week low of $4.63 after closing Friday at $5.00. The stock’s 52-week high is $9.75. Volume was over 37 million, approaching double the daily average of about 21 million shares. The company had no specific news.
VEREIT Inc. (NYSE: VER) dropped about 2.8% Monday to post a 52-week low of $7.17 after closing at $7.38 on Friday. The 52-week high is $9.12. Volume was around 10 million, about 15% above the daily average. The company had no specific news, but real estate and utility stocks often get knocked around when bond yields go up, as they did today.
Range Resources Corp. (NYSE: RRC) fell about 3.6% Monday to post a new 52-week low of $14.77 after closing at $15.30 on Friday. The 52-week high is $35.64. Volume of about 9.4 million was about 20% higher than the daily average of around 7.7 million shares traded. The company had no specific news.
Colony NorthStar Inc. (NYSE: CLNS) dropped about 3.1% Monday to post a new 52-week low of $9.06 after closing at $9.35 on Friday. The stock’s 52-week high is $14.74. Volume was around 7.5 million, nearly double the daily average of around 3.8 million. The company had no specific news — it has been weak lately and today got caught by the rising bond yield.
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