The following stocks (NYSE:PPL, NYSE:OGE and NYSE:DUK) are close to 52-week low. For information, the 52-week low serves as an indicator for potential investors. Investor’s will often determine the 52-week low for a stock when looking at its current price. If the price is near or approaching the 52-week low, investors might consider it a good time to buy because the stock could be undervalued. Also, the market could have overreacted to a company’s bad news. Hence, it is possible that stocks trading near their 52-week low could be worth buying.
PPL Corp (NYSE:PPL)(Trend analysis) shares traded close to their lowest level in a year. The Electric-Integrated company’s share price is currently trading 2.32% above its 52-week-low. The 1-year stock price history is in the range of $29.32 – $38.14. PPL Corp is currently valued at $20.1 billion. The stock has a 50-day moving average of $31.79 and a 200-day moving average of $32.56.
There are currently twenty analysts that cover PPL Corp stock. Of those twenty, ten have a Buy rating, ten have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $34.63.
The stock closed last trading session at $30, down by -3.19%.
OGE Energy Corp (NYSE:OGE)(Trend analysis) shares were traded at $27.19, down by -3.03%, close to the 52-week low of $27.05, with a volume of 1,646,457 shares against an average volume for the last 3 months of 1,155,540. This represents a volume multiple of 1
OGE Energy Corp (OGE) current short interest stands at 3.67 million shares. It has increased by 15% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.77 million shares, the number of days required to cover the short positions stand at 2.1 days.
A recent stock analyst activity consisted of Jefferies reiterating their Hold stance on August 14. Jefferies increased their price target on OGE from $30.5 to $32.5.
Duke Energy Corp (NYSE:DUK)(Trend analysis) shares are also trading near the 52-week low of $68.66. The stock closed last trading session at $69.05, down by -2.62%, with a volume of 3,813,806 shares compared to an average volume for the last 3 months of 3,748,810. The year-to-date performance of the stock stands at -21.54%.
Duke Energy Corp (DUK) current short interest stands at 12.64 million shares. It has increased by 4% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 5.12 million shares, the number of days required to cover the short positions stand at 2.5 days.