Contrary to a report Friday, Kinder Morgan Inc. (KMI) did not hit a 52-week low during NYSE trading on Friday, Oct. 28. The owner and operator of energy infrastructure opened at $29.26 a share and reached an intra-day low of $28.50 before closing the trading session at $29.10 a share.
At the close of trading on Friday, October 28, 2011, the Dow (I:DJI) finished up 22.6 points to 12,231, the NASDAQ (I:COMP) finished down 1.5 points to 2,737 and the S&P500 (INX) finished up 0.5 points to 1,285. Here are the two most popular stocks that hit 52-week lows:
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ClearBridge Energy MLP Opp Fund Inc (EMO) passed its previous low of $17.91 to reach a new 52-week low of $17.05. Trading at a volume of 104,804, the stock price is down 1.8%. Over the last three months, the stock has lost $1.69 (-8.6%) from a price of $19.60 on August 2, 2011.
At $2.05, FBR & Co. (FBCM) passed its previous low of $2.15 to set a new 52-week low. The stock price fell 7% after trading at a volume of 445,043. Over the last three months, the stock has lost $1.36 (-37.8%) from a price of $3.60 on May 4, 2011.