Investing
Arconic, Andeavor Logistics Tumble into Monday's 52-Week Low Club
Published:
Last Updated:
April 30, 2018: Here are four stocks trading with heavy volume among 93 equities making new 52-week lows in Monday’s session. On the NYSE decliners led advancers by about 3 to 2 and on the Nasdaq, decliners led advancers by about 9 to 5.
Comcast Corp. (NASDAQ: CMCSA) dropped about 1.4% Monday to post a new 52-week low of $31.38. Shares closed at $31.81 on Friday and the stock’s 52-week high is $44.00. Volume of nearly 28 million shares was nearly equal to the daily average of around 29 million shares. The company had no specific news.
Arconix (NYSE: ARNC) fell by about 20% Monday to post a new 52-week low of $17.90 after closing at $22.44 on Friday. The 52-week high is $31.17. Volume of about 21 million was about five times the daily average of about 4 million. The company posted narrow beats for the first quarter, but slashed guidance for the rest of the year.
Andeavor Logistics LP (NYSE: ANDX) traded down nearly 14% Monday and posted a new 52-week low of $41.27 after closing Friday at $47.81. The stock’s 52-week high is $55.58. Volume totaled around 4.8 million, nearly 10 times the daily average. The energy midstream company is included in Marathon Petroleum’s acquisition of Andeavor.
Radian Group Inc. (NYSE: RDN) traded down about 5.7% Monday to post a new 52-week low of $14.06 after closing Friday at $14.91. The stock’s 52-week high is $23.49. Volume was more than double the daily average of around 2 million shares. The company had no specific news.
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.