Sprint, Chesapeake Energy Tumble into Wednesday's 52-Week Low Club

Investing

Published: February 1, 2018 4:04 pm

Last Updated: January 12, 2020 3:50 am

February 1, 2018: Here are four stocks trading with heavy volume among 138 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 8 to 7 and on the Nasdaq, advancers and decliners closed about even.

Chesapeake Energy Corp. (NYSE: CHK) dropped about 5.7% Thursday to post a new 52-week low of $3.30 after closing at $3.50 on Wednesday. The stock’s 52-week high is $6.65. Volume was around 47 million, nearly 70% above the daily average of around 28.5 million. The company had no specific news but falling prices for natural gas are never good news for Chesapeake.

Sprint Corp. (NYSE: S) fell about 7.9% Thursday to post a new 52-week low of $4.91 after closing at $5.33 on Wednesday. The 52-week high is $9.44. Volume of about 35 million was about double the daily average of around 17 million shares traded. The company had no specific news.

Southwestern Energy Co. (NYSE: SWN) traded down about 4.5% Thursday and posted a new 52-week low of $4.05 after closing Wednesday at $4.24. The stock’s 52-week high is $9.75. Volume was around 28 million, about 20% above the daily average of about 22 million shares. Another natural gas supplier getting hammered on lower prices.

Gulfport Energy Corp. (NASDAQ: GPOR) traded down about 3.7% Thursday and posted a new 52-week low of $9.79 after closing Wednesday at $10.17. The stock’s 52-week high is $21.50. Volume was over 8 million, about double the daily average of about 3.8 million shares. The company had no specific news, but then, it’s another natural gas-heavy producer.

24/7 Wall St.
6 Speculative Biotech Stocks With 50% to 250% Potential Upside

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.