Rite Aid, DryShips Stumble into Monday’s 52-Week Low Club

April 24, 2017 by Paul Ausick

April 24, 2017: Here are four stocks trading with relatively heavy volume among 57 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by more than 2 to 1 and on the Nasdaq advancers led decliners by 5 to 4.

Rite Aid Corp. (NYSE: RAD) dropped about 2.6% Monday to post a new 52-week low of $3.70 after closing at $3.80 on Friday. The stock’s 52-week high is $8.77. Volume was nearly equal to the daily average of more than 23 million shares traded. The company reports fiscal fourth-quarter results after markets closed on Tuesday, but investors are waiting for an FTC decision on the Walgreens merger.

DryShips Inc. (NASDAQ: DRYS) dropped about 18% Monday to post a new low of $1.27 after closing at $1.55 Friday night. The low is based on a recent 1-for-4 reverse split. Volume was about 60% below the daily average of nearly 33.5 million shares. The company had no specific news.

Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped about 2.4% Monday to post a new 52-week low of $8.31 after closing Friday at $8.51. The stock’s 52-week high is $38.50. Volume of around 13.5 million shares was about 65% below the daily average of around 18.8 million. The company had no specific news, and shares are on track to add about 1.5% by the closing bell.

Mattel Inc. (NASDAQ: MAT) posted a new 52-week low of $21.55 on Monday, down about 1.1% compared with Friday’s closing price of $21.79. The stock’s 52-week high is $34.24. Volume of about 10 million shares was nearly 15% above the daily average of around 6 million shares. The company reported a steep sales decline Friday, and competitor Hasbro posted a big earnings beat this morning.

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? 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 guide you through the financial decisions you’re making. 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.