Investing
AT&T, Comcast Stagger into Tuesday's 52-Week Low Club
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May 1, 2018: Here are four stocks trading with heavy volume among 164 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by 15 to 14 and on the Nasdaq, advancers led decliners by about 4 to 3.
AT&T Inc. (NYSE: T) fell by about 0.9% Tuesday to post a new 52-week low of $32.40 after closing at $32.70 on Monday. The 52-week high is $39.80. Volume of about 26 million was about 10% below the daily average of about 29 million. The company had no specific news.
Comcast Corp. (NASDAQ: CMCSA) dropped about 0.6% Tuesday to post a new 52-week low of $31.21. Shares closed at $31.39 on Monday and the stock’s 52-week high is $44.00. Volume of about 14.5 million shares was about half the daily average. The company had no specific news.
CommScope Holding Company Inc. (NASDAQ: COMM) traded down about 32% Tuesday and posted a new 52-week low of $26.29 after closing Monday at $38.22. The stock’s 52-week high is $42.60. Volume totaled around 12.4 million, nearly 10 times the daily average. The company’s Q1 results beat estimates but a cut to the guidance sent investors packing.
Cognex Corp. (NASDAQ: CGNX) traded down about 13.7% Tuesday to post a new 52-week low of $39.90 after closing Monday at $46.25. The stock’s 52-week high is $72.99. Volume was more than 4 times the daily average of around 2.4 million shares. The company’s Q1 results were good but not great and Q2 guidance was below expectations.
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