Source: Thinkstock
AK Steel Holding Corp. (NYSE: AKS) dropped about 11.8% on Wednesday to post a new 52-week low of $3.75. The stock’s 52-week high is $11.37. Volume was about double the daily average of 12 million shares. The company reported worse-than-expected earnings yesterday and today’s action may have been some buying on the dip.
Cabot Oil & GAs Corp. (NYSE: COG) dropped about 8.6% on Wednesday to establish a new 52-week low at $26.01 against a high of $41.78. Volume was more than double the daily average of around 6.5 million shares. The oil & gas producer was clipped early on lower crude oil prices.
Freeport-McMoRan Inc. (NYSE: FCX) dropped 4.7% on Wednesday to post a new 52-week low of $17.51 after closing at $18.38 on Tuesday. The stock’s 52-week high is $39.32. Share volume was nearly 20% above the daily average of around 17 million shares traded. The copper and gold miner took a couple of downgrades today following a poor quarterly report nearly entirely due to low commodity prices.
VMware Inc. (NYSE: VMW) posted a new 52-week low on Wednesday of $75.05. Based on Tuesday night’s closing price of $80.61 that’s a drop of about 7%. The stock’s 52-week high is $112.89. Volume is nearly 5-times the daily average of around 1.6 million shares. The company reported better-than-expected earnings this morning, but the revenue outlooks for the first quarter and full year ahead were lower than analysts’ estimates.
ALSO READ: America’s Best Run Companies
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
