AT&T, Snap Fall into Thursday's 52-Week Low Club

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May 3, 2018: Here are four stocks trading with heavy volume among 165 equities making new 52-week lows in Thursday’s session. On the NYSE decliners led advancers by about 1.43 to 1 and on the Nasdaq, advancers led decliners by about 1.73 to 1.

Snap Inc. (NYSE: SNAP) dropped about 4.7% Thursday to post a new 52-week low of $10.51. Shares closed at $11.03 on Wednesday and the stock’s 52-week high is $23.57. Volume of about 58 million shares was nearly double the daily average. The company reported disappointing results after markets closed Tuesday and investors are not finished administering punishment.

AT&T Inc. (NYSE: T) fell by about 1.4% Thursday to post a new 52-week low of $31.61 after closing at $32.06 on Wednesday. The 52-week high is $39.80. Volume of about 32 million was about 15% above the daily average of about 29 million. The company had no specific news.

NXP Semiconductors NV (NASDAQ: NXPI) traded down about 11.6% Thursday and posted a new 52-week low of $90.83 after closing Wednesday at $102.72. The stock’s 52-week high is $125.93. Volume totaled around 28 million, more than five times the daily average. The company reported results Wednesday night, but had little to say about the merger with Qualcomm. In this case, silence was definitely not golden.

Annaly Capital Management Inc. (NYSE: NLY) traded down more than 3.2% Thursday to post a new 52-week low of $9.95 after closing Wednesday at $10.28. The stock’s 52-week high is $12.733. Volume was about three times the daily average of around 2 million shares. The company’s Q1 results were inline, but an announced $900 million acquisition of MTGE Investment Corp. did not go down well with shareholders.

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