Investing
Exxon Mobil, Newfield Exploration Drill into Wednesday's 52-Week Low Club
Published:
Last Updated:
March 7, 2018: Here are four stocks trading with heavy volume among 50 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by less than 8 to 7 and on the Nasdaq, advancers led decliners by about 2 to 1.
Exxon Mobil Corp. (NYSE: XOM) dropped about 3.4% Wednesday to post a new 52-week low of $73.56. Shares closed at $76.18 on Tuesday and the stock’s 52-week high is $89.30. Volume topped 20 million, about 50% above the daily average. The company announced an aggressive growth plan this morning that investors are interpreting as a threat to buybacks and dividends.
VEON Ltd. (NASDAQ: VEON) fell about 5.6% Wednesday to post a new 52-week low of $2.70 after closing at $2.86 on Tuesday. The 52-week high is $4.47. Volume of nearly 5.8 million was about 20% above the daily average. The company acquired additional spectrum for its Ukraine business.
Newfield Exploration Co. (NYSE: NFX) traded down about 2% Wednesday and posted a new 52-week low of $22.72 after closing Tuesday at $23.20. The stock’s 52-week high is $37.61. Volume was about 20% higher than the daily average of around 3.3 million shares. The company had no specific news.
Enbridge Inc. (NYSE: ENB) traded down about 1.8% Wednesday and posted a new 52-week low of $31.19 after closing Tuesday at $31.77. The stock’s 52-week high is $42.92. Volume was around 2.1 million, about 30% below the daily average of around 2.8 million. The company said this morning that its Spectra Energy Capital subsidiary had completed a debt exchange offer.
24/7 Wall St.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.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
