Investing
First Solar, Stage Stores Dive into Thursday's 52-Week Low Club
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November 17, 2016: Here are four stocks trading with relatively heavy volume among 41 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by about 100 issues and on the Nasdaq advancers led decliners traded by almost 3 to 2.
First Solar Inc. (NASDAQ: FSLR) dropped nearly 13% on Thursday to post a new 52-week low of $28.60 against a 52-week high of $74.29. Volume of about 11.3 million was more than 3 times the daily average of around 3.3 million. The company said this morning that it is firing 27% of its workers and skip a product generation, going from its current Series 4 product to the Series 6.
Stage Stores Inc. (NYSE: SSI) lost nearly 26% Thursday to post a new 52-week low of $4.30 after closing Wednesday at $5.80. The 52-week high is $9.98. Volume of around 3 million was nearly 10 times the daily average of around 370,000 shares traded. The specialty retailer reported a quarter loss this morning.
Pilgrim’s Pride Corp. (NASDAQ: PPC) dropped about 8.7% on Thursday to post a new 52-week low of $17.94 after closing at $19.64 on Wednesday. The stock’s 52-week high is $27.79. Volume of about 3 million was roughly double the daily average of around 1.45 million shares. The food products maker had no specific news.
Ciber Inc. (NYSE: CBR) dropped about 6% on Thursday to post a new 52-week low of $0.63 after closing at $0.68 on Wednesday. The stock’s 52-week high is $3.75. Volume was nearly 10 times the daily average of around 290,000 shares. The software company had no specific news on Thursday.
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