Altria, Amdocs Slide Into Wednesday's 52-Week Low Club

Investing

Published: January 23, 2019 1:20 pm

Last Updated: January 31, 2020 1:42 am

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.

ALSO READ: 4 Top Deutsche Bank US Transportation Stock Picks With Big 2019 Upside Potential

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.