Source: Thinkstock
Yelp Inc. (NYSE: YELP) dropped about 6.4% on Monday to post a new 52-week low of $42.216 after closing at $45.11 on Friday. The stock’s 52-week high is $101.75. Share volume was about 5-times the daily average of around 2.6 million shares traded. The social media ratings site dropped 22% on Friday after reporting slower growth and the carnage continued today.
Fifth Street Finance Corp. (NASDAQ: FSC)) dropped about 17% on Monday to establish a new 52-week low at $7.05 against a high of $10.20. Volume was more than 8-times the daily average of around 1.3 million shares. The specialty lender to small- and medium-size businesses missed estimates Monday morning and lowered its monthly dividend by about a third.
The AES Corp. (NYSE: AES) posted a new 52-week low on Monday. Shares dropped about 2.2% to $11.81 from Friday’s closing price of $12.07. The stock’s 52-week high is $15.65. Volume is about equal to the daily average of around 6 million shares. The utility company posted a new low last Friday as well, likely on concerns about a potential rise in the cost of capital.
Abercrombie & Fitch Inc. (NYSE: ANF) dropped about 7.5% on Monday to post a new 52-week low of $23.85. The stock’s 52-week high is $45.50. Volume was about 20% higher than the daily average of around 2.8 million shares. The teen apparel store was downgraded at Wunderlich Securities today.
ALSO READ: 10 States With the Worst Taxes for Average Americans
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
