Chesapeake Energy, Hess Among Stocks setting 52-Week Lows Wednesday
Take a look at these six stocks that dropped to 52-week lows:
- The share price of Chesapeake Energy (NYSE:CHK) decreased today, reaching and then falling even farther past its previous 52-week low of $14.31 to $13.90. The stock was trading on below-average volume. After trading at a volume of 49.4 million, shares fell 4.2%. The stock is trading at 73.8% of its 50-day moving average and 61.7% of its 200-day moving average.
- While trading on above-average volume, Hess (NYSE:HES) slid today, hitting and then dropping past its previous 52-week low to $44.10. The stock price was down 2.4% with a volume of 8.3 million. The stock is down over the last three months, having fallen $20.91 (-32.1%) from $65.15 on February 17, 2012. The stock is trading at 82.4% of its 50-day moving average and 76.2% of its 200-day moving average.
- While trading on below-average volume, Best Buy (NYSE:BBY) dipped today, hitting and then dropping past its previous 52-week low to $18.92. The stock price dropped 1% today, trading at a volume of 5.4 million. The stock has been on a downward trajectory over the last two months, falling $7.20 (-27.6%) from a price of $26.12 on March 19, 2012. The stock is trading at 85.8% of its 50-day moving average and 78.1% of its 200-day moving average.
- While trading on above-average volume, Newfield Exploration (NYSE:NFX) slipped today, hitting and then dropping past its previous 52-week low of $29.89 to $29.55. Shares were traded at a volume of 3.3 million and fell 1.1%. The stock has lost momentum over the last three months, losing $12.43 (-29.6%) from $42 on February 17, 2012. The stock is trading at 87.2% of its 50-day moving average and 78.9% of its 200-day moving average.
- The share price of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) dipped today, reaching and then falling even farther past its previous 52-week low of $8.43 to $8.29. The stock was trading on below-average volume. The stock price fell 1.5% after trading at a volume of five million. Shares are down over the last two months as the price has dropped $1.80 (-17.8%) from a price of $10.14 on March 19, 2012. The stock is trading at 87.4% of its 50-day moving average and 85% of its 200-day moving average.
- While trading on below-average volume, Telecom Italia SPA CL 'A (NYSE:TI.A) declined today, hitting and then dropping past its previous 52-week low to $8.15. The stock price dropped 1.2% today, trading at a volume of 197,668. The stock is down over the last two months, having fallen $1.41 (-14.7%) from a price of $9.58 on March 19, 2012. The stock is trading at 90.1% of its 50-day moving average and 88.3% of its 200-day moving average.