Fitbit, Macy’s Slip into Monday’s 52-Week Low Club
March 27, 2017 by Paul AusickMarch 27, 2017: Here are four stocks trading with relatively heavy volume among 95 equities making new 52-week lows in Monday’s session. On the NYSE, decliners led advancers by less than 50 stocks and on the Nasdaq advancers led decliners by about 4 to 3.
Fitbit Inc. (NYSE: FIT) dropped about 1.7% Monday, to post a new 52-week low of $5.31 after closing at $5.40 on Friday. The stock’s 52-week high is $18.85. Volume was about 30% below the daily average of around 11 million. The company had no specific news, and shares are on track to close the day’s trading up nearly 6%.
G-III Apparel Group Ltd. (NASDAQ: GIII) posted a new 52-week low of $19.10 on Monday, down about 16.7% compared with Friday’s closing price of $22.92. Volume was more than 10 times the daily average of around 680,000 shares. The company posted weak results this morning.
CenturyLink Inc. (NYSE: CTL) dropped about 1.8% Monday to post a new 52-week low of $22.35 after closing Friday at $22.76. The stock’s 52-week high is $33.45. Volume of about 7 million shares was about 15% below the daily average of around 7.8 million. The company had no specific news.
Macy’s Inc. (NYSE: M) dropped about 1.6% Monday, to post a new 52-week low of $27.73 after closing at $28.17 on Friday. The stock’s 52-week high is $45.41. Volume was 40% below the daily average of around 9 million shares. The company signed an exclusive deal with G-III today to carry the DKNY brand in Macy’s U.S. stores.
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