Investing
Carnival Cruises, Helios and Matheson Sink into Tuesday's 52-Week Low Club
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June 5, 2018: Here are four stocks trading with heavy volume among 78 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by about 1.39 to 1 and on the Nasdaq, advancers led decliners by about 1.73 to 1.
Aegean Marine Petroleum Network (NYSE: ANW) fell about 75% Tuesday to post a new 52-week low of $0.70 after closing at $2.85 on Monday. The 52-week high is $6.30. Volume of over 21 million was about 40 times the daily average of about 535,000. The marine fuel logistics firm said last night that it may have to write off $200 million in accounts receivable that may have been, “in full or in part, without economic substance and improperly accounted for.” Ick.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) traded down about 12% Tuesday and posted a new 52-week low of $0.37 after closing Monday at $0.42. The stock’s 52-week high is $38.86. Volume totaled around 21.3 million, about 75% above the daily average of around 12.4 million. The company that owns MoviePass had no specific news Tuesday.
Banco Bradesco SA (NYSE: BBD) traded down about 7% Tuesday to post a new 52-week low of $7.51 after closing Monday at $8.08. The stock’s 52-week high is $13.18. Volume was more about 60% higher than the daily average of around 9.4 million shares. The Brazilian bank had no specific news.
Carnival Corp. (NYSE: CCL) dropped about 4.5% Tuesday to post a new 52-week low of $60.50. Shares closed at $63.34 on Monday and the stock’s 52-week high is $72.70. Analysts at Morgan Stanley issued a warning that cruise line stocks were headed for a slow fourth quarter this year.
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