February 2, 2017: Here are four stocks trading with relatively heavy volume among 46 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by about 5 to 4 and on the Nasdaq decliners led advancers by just less than 5 to 4.
Vanguard Natural Resources LLC (NASDAQ: VNR) dropped about 67% Thursday, to post a new 52-week low of $0.32 after closing at $0.99 on Wednesday. The stock’s 52-week high is $2.68. Volume was more than 10 times the daily average of around 2.8 million shares. The company filed for Chapter 11 protection this morning.
Rite Aid Corp. (NYSE: RAD) dropped about 1.3% Thursday, to post a new 52-week low of $5.20 after closing at $5.27 on Wednesday. The stock’s 52-week high is $8.77. Volume was approaching just above the daily average of around 23.4 million shares. The company had no specific news, but uncertainty over the merger with Walgreens is burning shareholders.
Ralph Lauren Corp. (NYSE: RL) dropped about 12.3% Thursday to post a new 52-week low of $76.58 after closing Wednesday at $87.37. The 52-week high is $114.00. Volume of more than 15 million was about 15 times the daily average of around 1 million shares traded. The company reported an earnings beat but revenue miss this morning and announced that the company’s CEO is leaving following a dispute with founder Ralph Lauren.
Under Armour Inc. (NYSE: UAA) dropped about 4.4% on Thursday to record a new 52-week low of $20.50. The stock closed at $21.44 on Wednesday. Volume was more than double the daily average of around 5.4 million shares. The company had no specific news.