ConAgra, Tenet Healthcare Tumble Into Thursday’s 52-Week Low Club

November 10, 2016 by Paul Ausick

November 10, 2016: Here are four stocks trading with relatively heavy volume among 89 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by about 200 issues and on the Nasdaq advancers led decliners by about 4 to 3.

Vodafone Group PLC (NASDAQ: VOD) lost about 1.8% Thursday to post a new 52-week low of $26.31 after closing Wednesday at $26.80. The 52-week high is $28.13. Volume of around 11 million was about double the daily average of around 5.3 million shares traded. The hospital stocks took a beating following Wednesday’s election based on the new administration’s promise to repeal Obamacare. With majorities in both houses of Congress and a president not named Obama, this looks like a sure thing to investors.

58.com Inc. (NYSE: WUBA) dropped about 4.5% on Thursday to post a new 52-week low of $33.35 after closing at $21.89 on Wednesday. The stock’s 52-week high is $70.27. Volume was more than 5 times the daily average of around 1.5 million shares. The Beijing-based online marketplace posted a net loss this morning.

Tenet Healthcare Corp. (NYSE: THC) dropped about 7.2% on Thursday to post a new 52-week low of $14.50 against a 52-week high of $35.35. Volume of about 8.2 million was about 3 times the daily average of around 2.7 million. The hospital company had no specific news, but hospital stocks have not fared well since Tuesday’s election.

ConAgra Foods Inc. (NYSE: CAG) dropped about 8.7% on Thursday to post a new 52-week low of $33.73 after closing at $36.93 on Wednesday. The stock’s 52-week high is $48.86. Volume of about 8.6 million was about 3 times the daily average of around 2.9 million shares. The company completed its spin-off of Lamb Weston today.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.