Abercrombie & Fitch, Rite Aid Walk into Wednesday’s 52-Week Low Club

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July 12, 2017: Here are four stocks trading with heavy volume among 73 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by nearly 4 to 1 and on the Nasdaq, advancers led decliners by about 3 to 1.

Rite Aid Corp. (NYSE: RAD) dropped about 1.8% Wednesday to post a new 52-week  low of $2.21 after closing Tuesday at $2.25. The 52-week high is $8.77. Volume was around 30 million shares traded, less than 10% below the daily volume of about 32 million. The company had no specific news, and the loss of its deal with Walgreens may be more that the firm can bear.

OpGen Inc. (NASDAQ: OPGN) posted a new 52-week low of $0.38 on Wednesday, down nearly 16% compared with Tuesday’s closing price of $0.45. The stock’s 52-week high is $4.65. Volume totaled around 8.1 million shares, nearly 40 times the daily average. The company had no specific news.

DryShips Inc. (NASDAQ: DRYS) dropped about 6.3% Wednesday to post a new 52-week low of $0.89 after closing at $0.95 on Tuesday. Volume was about 7.5 million, around 3 times the daily average of about 2.5 million shares. The shipping company had no specific news.

Abercrombie & Fitch Co. (NYSE: ANF) dropped about 4.7% Wednesday to post a new 52-week low of $8.81 after closing at $9.24 on Tuesday. The stock’s 52-week high is $23.29. Volume of about 8 million was more than double the daily average of around 3.9 million. The company had no specific news but continues to pay for Monday’s announcement that it has cut off further merger talks.