Investing

Western Digital, Barrick Gold Step into Friday's 52-Week Low Club

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July 27, 2018: Here are four stocks trading with heavy volume among 117 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 2.16 to 1 and on the Nasdaq, decliners led advancers by about 3.34 to 1.

Barrick Gold Corp. (NYSE: ABX) traded down about 1.5% Friday to post a new 52-week low of $10.93 after closing Thursday at $11.10. The stock’s 52-week high is $18.35. Volume was about 30% above the daily average of about 9 million shares. The company missed earnings estimates Thursday morning.

Western Digital Corp. (NASDAQ: WDC) dropped about 9.2% Friday to set a new 52-week low of $69.96. Shares closed at $77.09 on Thursday and the stock’s 52-week high is $106.96. Volume was more than double the daily average of around 3.9 million. The company reported earnings that beat estimates Thursday evening but investors weren’t satisfied.

The Goodyear Tire & Rubber Co. (NYSE: GT) traded down about 1.9% Friday to set a new 52-week low of $20.75. Shares closed at $21.15 on Thursday, and the 52-week high is $36.52. Volume was more than three times the daily average of around 2.9 million. The company beat profit estimates but missed on revenue and lowered guidance when it reported results this morning.

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) traded down more than 70% Friday and posted a new 52-week low of $1.95 after closing Thursday at $6.83. The stock’s 52-week high is approximately $2.42 million following a 1-for-250 reverse stock split earlier this week. Volume totaled around 7 million, nearly 100 times the daily average. The company had to take an emergency loan of $5 million today in order to meet payments to theaters.

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