Investing

Ford, Rite Aid Dip into Tuesday's 52-Week Low Club

May 16, 2017: Here are four stocks trading with relatively heavy volume among 129 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by about 8 to 7 and on the Nasdaq advancers and decliners were about even.

Ford Motor Co. (NYSE: Ford) posted a new 52-week low of $10.90 on Tuesday, down about 0.4% compared with Monday’s closing price of $10.94. The stock’s 52-week high is $14.04. Volume totaled nearly 33 million shares, about 20% below the daily average of about 40 million. The company expects to be cutting 10% of its workforce.

Rite Aid Corp. (NYSE: RAD) dropped more than 11% Tuesday to post a new 52-week low of $3.65 after closing at $4.11 on Monday. The stock’s 52-week high is $8.77. Volume was about 60% higher than the daily average of around 18.6 million shares. The company’s stock took a hit today after a news report that the Federal Trade Commission sent more information demands to Rite Aid.

Macy’s Inc. (NYSE: M) dropped more than 2% Tuesday to post a new 52-week low of $22.71 after closing at $23.21 on Monday. The stock’s 52-week high is $45.41. Volume of more than 14 million was about double the daily average of around 7.2 million shares traded. The department store giant had now specific news.

Pandora Media Inc. (NYSE: P) dropped about 4.5% Tuesday to post a new 52-week  low of $9.28 after closing Monday at $9.72. The 52-week high is $14.98. Volume of nearly 11 million shares was more than 15% above the daily average of around 8.9 million. The company had no specific news.

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.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.