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Groupon, Banco Macro Among Stocks setting 52-Week Lows Wednesday

Three stocks dropped to 52-week lows:

  • While trading on above-average volume, Groupon (NASDAQ:GRPN) fell today, hitting and then dropping past its previous 52-week low to $14.51. The stock price dropped 3.2% today, trading at a volume of 3.6 million.
  • While trading on below-average volume, Banco Macro (NYSE:BMA) sunk today, hitting and then dropping past its previous 52-week low to $17.85. After trading at a volume of 152,182, shares fell 5.2%. The stock is down over the last two months, having fallen $6.16 (-25.6%) from a price of $24.08 on February 6, 2012. The stock is trading at 86.6% of its 50-day moving average and 80.8% of its 200-day moving average.
  • The share price of Petrobras Argentina SA ADR (NYSE:PZE) dropped today, reaching and then dropping even further past its previous 52-week low of $11.78 to $11.44. The stock was trading on above-average volume. The stock price was down 7.5% with a volume of 212,713. The stock has been on a downward trajectory over the last two months, decreasing $3.87 (-25.1%) from a price of $15.43 on February 6, 2012. The stock is trading at 84.1% of its 50-day moving average and 80.7% of its 200-day moving average.