Investing
Altria, Amdocs Slide Into Wednesday's 52-Week Low Club
Published:
Last Updated:
January 22, 2019: Here are four stocks trading with heavy volume among 40 equities that have posted new 52-week lows by the noon hour Wednesday. On the New York Stock Exchange, decliners led advancers by about 1.57 to 1 and decliners led advancers on the Nasdaq by about 1.37 to 1.
The three major indexes are trading mixed, with the Dow Jones industrials up slightly and the S&P 500 and the Nasdaq Composite down less than 0.5%. Crude oil traded down about 1.3% on the day at $52.31 a barrel. Gold was trading up less than 0.1% at $1,284.00 for the day.
Altria Group Inc. (NYSE: MO) traded down about 1% to post a new 52-week low of $44.51 Wednesday, after closing at $44.97 on Tuesday. The stock’s 52-week high is $71.86. Volume was about 30% below the daily average of around 11.4 million. The company’s stock was dropped from Equalweight to Underweight and the price target was cut from $54 to $45 at Morgan Stanley on Tuesday.
Amdocs Ltd. (NASDAQ: DOX) dropped 13% Wednesday to set a new 52-week low of $52.60. Shares closed at $60.47 on Tuesday, and the stock’s 52-week high is $71.72. Volume was about seven times the daily average of about 880,000. Short seller Spruce Point Capital said this morning that it sees a 50% downside risk to the company’s stock.
Quotient Technology Inc. (NYSE: QUOT) traded down about 18.5% to post a new 52-week low of $9.00 Wednesday, after closing at $11.04 on Tuesday. The stock’s 52-week high is $15.98, and volume was nearly eight times the daily average of around 530,000. The consumer products marketing firm issued weak preliminary after markets closed Tuesday.
Grupo Televisa SAB (NYSE: TV) traded down nearly 5% Wednesday and posted a new 52-week low of $11.39, after closing Tuesday at $11.97. The stock’s 52-week high is $21.41. Volume was about 55% higher than the daily average of around 1.8 million. The Spanish-language media firm had no specific news.
24/7 Wall St.Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.