5 Blue-Chip Stocks At 52-Week Lows

In this piece, we will take a look at five blue chip stocks at 52 week lows. If you want to learn about what’s happening in the stock market right now, then read 10 Blue-Chip Stocks At 52 Week Lows.

5. Exelon Corporation (NASDAQ:EXC)

52-week Range: $ 34.03 – $43.71

Current Share Price: $34.81

Share Price % Above 52 Week Low: 2.29%

Exelon Corporation (NASDAQ:EXC) is an American utility company with operations in its home country and Canada. January was a tumultuous month for the firm as snowstorms in northern Illinois left more than a hundred thousand customers without power.

During Q3 2023, 36 out of the 910 hedge funds tracked by Insider Monkey’s research had bought Exelon Corporation (NASDAQ:EXC)’s shares. Michael Gelband’s ExodusPoint Capital was the biggest shareholder through its $130 million stake.

4. Newmont Corporation (NYSE:NEM)

52-week Range: $33.59 – $54.77

Current Share Price: $34.51

Share Price % Above 52 Week Low: 2.74%

Newmont Corporation (NYSE:NEM) is an American gold company with operations across several continents. January 2024 saw a management shakeup at the firm as it appointed a new chief legal officer.

By the end of 2023’s third quarter, 49 out of the 910 hedge funds tracked by Insider Monkey were the firm’s shareholders. Newmont Corporation (NYSE:NEM)’s largest hedge fund investor is Jean-Marie Eveillard’s First Eagle Investment Management as it owns $675 million worth of shares.

3. Air Products and Chemicals, Inc. (NYSE:APD)

52-week Range: $251.63 – $320.42

Current Share Price: $255.71

Share Price % Above 52 Week Low: 1.62%

Air Products and Chemicals, Inc. (NYSE:APD) is an American industrial raw materials company that sells different gasses to a myriad of sectors. The firm has beaten analyst EPS estimates in three of its four latest quarters and the shares are rated Buy on average.

For their September quarter of 2023 investments, out of the 910 hedge funds part of Insider Monkey’s database, 43 had owned Air Products and Chemicals, Inc. (NYSE:APD)’s shares. Ken Griffin’s Citadel Investment Group was the biggest shareholder through its $280 million investment.

2. Altria Group, Inc. (NYSE:MO)

52-week Range: $39.07 – $48.11

Current Share Price: $40.12

Share Price % Above 52 Week Low: 2.69%

Altria Group, Inc. (NYSE:MO) is one of the biggest tobacco companies in the world. Heading into its earnings report for the fourth quarter of 2023, analysts expect flat revenue growth and lower profit due to high prices and dropping shipment volumes for cigarettes.

After scouring through 910 hedge fund holdings for 2023’s third quarter, Insider Monkey discovered 40 Altria Group, Inc. (NYSE:MO) investors. The firm’s largest investor out of these is Natixis Global Asset Management’s Harris Associates as it holds a $404 million stake.

1. Bristol-Myers Squibb Company (NYSE:BMY)

52-week Range: $48.25 – $75.18

Current Share Price: $48.87

Share Price % Above 52 Week Low: 1.28%

Bristol-Myers Squibb Company (NYSE:BMY) is one of the biggest and oldest pharmaceutical companies in the world. As we settle into 2024, the firm has several important treatments in the pipeline that cover deadly diseases such as kidney cancer and lymphoma.

65 out of the 910 hedge funds profiled by Insider Monkey for their Q3 2023 shareholdings had bought the firm’s shares. Josh Overdeck and David Siegel’s Two Sigma Advisors is Bristol-Myers Squibb Company (NYSE:BMY)’s biggest shareholder through its $384 million investment.

Disclosure: None. You can also take a look at Farallon Capital: A Global and Diversified Hedge Fund and its Top Stock Picks and 11 Best Green Stocks To Invest In 2023.

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