Investing
Chesapeake Energy, Encana Tumble into Tuesday's 52-Week Low Club
Published:
Last Updated:
December 18, 2018: Here are four stocks trading with heavy volume among 827 equities making new 52-week lows Tuesday. On the NYSE, decliners led advancers by about 1.25 to 1 and decliners led advancers on the Nasdaq by about 1.38 to 1.
The three major indexes are on track close the day not far from the break-even line. Crude oil traded down a whopping 7.3% on the day to settle at $46.24 a barrel. Gold settled up a mere 0.1% at $1,253.60.
Chesapeake Energy Corp. (NYSE: CHK) dropped about 6.7% Tuesday to set a new 52-week low of $2.10. Shares closed at $2.25 on Monday and the stock’s 52-week high is $5.60. Volume was about 25% higher than the daily average of around 32.8 million. The company had no specific news..
Weatherford International plc (NYSE: WFT) traded flat to match a 52-week low of $0.38 Tuesday after closing at $0.38 on Monday. The stock’s 52-week high is $4.41. Volume was roughly equal to the daily average of around 24.7 million. The oilfield services company sold its well-logging business yesterday.
Ensco plc (NYSE: ESV) traded down about 9.4% Tuesday and posted a new 52-week low of $3.57 after closing Monday at $3.94. The stock’s 52-week high is $9.51. Volume was about 60% higher than the daily average of around 13.8 million. Another oilfield services firm getting hammered by falling crude oil prices and investor wariness over exploration and production spending for next year.
Encana Corp. (NYSE: ECA) traded down about 2.8% to post a new 52-week low of $5.57 Tuesday after closing at $5.73 on Monday. The stock’s 52-week high is $14.31 and volume was nearly 30% lower than the daily average of around 21.7 million. The Calgary-based energy company had no specific news.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
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
