Investing

Weatherford, Brookdale Dive into Tuesday's 52-Week Low Club

November 1, 2016: Here are four stocks trading with relatively heavy volume among 211 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by more than 3 to 1 and on the Nasdaq decliners led advancers by about more than 2 to 1.

Weatherford International Inc. (NYSE: WFT) dropped more than 20% on Tuesday to post a new 52-week low of $3.83 against a 52-week high of $11.49. Volume of more than 145 million was nearly 8 times the daily average of around 19 million. The stock closed at $4.82 on Monday night. A short seller called into question the company’s ability to meet its debt covenants. Weatherford issued a statement that it remains within its covenants.

Brookdale Senior Living Inc. (NYSE: BKD) lost about 25% Tuesday to post a new 52-week low of $10.82 after closing Monday at $14.43. The 52-week high is $23.92. Volume of about 22 million was about 9 times the daily average of around 2.8 million shares traded. The company reported weak earnings this morning.

Nokia Corp. (NYSE: NOK) dropped about 1.8% on Tuesday to post a new 52-week low of $4.40 after closing at $4.48 on Monday. The stock’s 52-week high is $7.63. Volume was about 30% above  the daily average of around 12 million shares. The networking company reported this morning that net sales fell in the third quarter.

Rite Aid Corp. (NYSE: RAD) dropped about 3.4% on Tuesday to post a new 52-week low of $6.48 after closing at $6.71 on Monday. The stock’s 52-week high is $8.30. Volume of more than 14 million was about 15% below the daily average of around 16 million shares. The drugstore chain had no specific news Tuesday.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.