Investing

Rite Aid, O'Reilly Automotive Tumble into Wednesday's 52-Week Low Club

July 5, 2017: Here are four stocks trading with heavy volume among 62 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq, decliners led advancers by about 4 to 3.

Rite Aid Corp. (NYSE: RAD) dropped about 8.2% Wednesday to post a new 52-week  low of $2.61 after closing Monday at $2.69. The 52-week high is $8.77. Volume was around 60 million shares traded, about double the daily volume of about 29.8 million. The company had no specific news Wednesday.

Yamana Gold Inc. (NYSE: AUY) dropped about 4.6% Wednesday to post a new 52-week low of $2.27 after closing at $2.38 on Monday. The stock’s 52-week high is $5.99. Volume of about 18.5 million was around 15% above the daily average of nearly 14 million. The company had no specific news.

O’Reilly Automotive Inc. (NASDAQ: ORLY) posted a new 52-week low of $173.89 on Wednesday, down about 21% compared with Monday’s closing price of $220.41. The stock’s 52-week high is $292.84. Volume totaled more than 11 million shares, about 9 times the daily average. The company reported June same-store sales would be well below initial estimates.

Advance Auto Parts Inc. (NYSE: AAP) dropped about 16.3% Wednesday to post a new 52-week low of $99.13 after closing at $118.41 on Monday. Volume was about 6.5 million, more than 5 times higher than the daily average of around 5 million shares. The other falling shoe in the O’Reilly story is that Amazon may be decimating all traditional auto parts stores’ business.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

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