May 5, 2016: Here are four stocks trading with relatively heavy volume among 55 equities making new 52-week lows in Thursday’s session. NYSE decliners led advancers by about 5 to 4 while Nasdaq decliners led advancers by about 3 to 2.
L Brands Inc. (NYSE: LB) dropped by about 12% on Thursday to post a new 52-week low at $70.44 after closing at $80.18 on Wednesday. The stock’s 52-week high is $101.11. The operator of Victoria’s Secret and Bath & Body Works shops reported weak same-store sales this morning and analysts at Piper Jaffray downgraded the stock to boot.
AmerisourceBergen Corp. (NYSE: ABC) fell by about 8.8% on Thursday to post a new 52-week low of $76.85 against a high of $116.00. The stock closed at $84.29 on Wednesday night. Volume totaled more than 10 million shares, nearly 5 times the stock’s daily average. The pharmaceuticals distributor reported beat estimates this morning, but cut guidance.
American Airlines Group Inc. (NASDAQ: AAL) dropped about 1.4% on Thursday to post a new 52-week low of $32.73 against a 52-week high of $50.30. The stock closed at $33.21 on Wednesday night. Volume was about equal to the stock’s daily average volume of around 8.7 million shares. The airline had no specific news Thursday.
Nokia Corp. (NYSE: NOK) posted a new 52-week low on Thursday. Shares traded at a low of $5.66, down about 0.3%, after closing at $5.76 on Wednesday. The stock’s 52-week high is $7.63. Volume was about 30% below the daily average of around 12.5 million shares. The network infrastructure and services company had no specific news Thursday.
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
