GameStop, Ulta Plunge into Friday’s 52-Week Low Club

Print Email

August 25, 2017: Here are four stocks trading with heavy volume among 61 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by more than 5 to 2 and on the Nasdaq advancers led decliners by about 4 to 3.

GameStop Corp. (NYSE: GME) posted a new 52-week low of $18.72 on Friday, down about 14% from Thursday’s closing price of $21.78. The stock’s 52-week high is $30.51. Volume totaled around 17 million shares, about 7 times the daily average of around 2.5 million. The company missed profit estimates this morning and the firm’s new strategy is losing adherents among investors.

Tahoe Resources Inc. (NYSE: TAHO) dropped about 22% Friday to post a new 52-week low of $4.27 after closing at $5.48 on Thursday. The stock’s 52-week high is $14.95. Volume of around 8.8 million was more than double the daily average of about 3.3 million. The company had no specific news.

Ulta Beauty Inc. (NASDAQ: ULTA) dropped about nearly 11% Friday to post a new 52-week low of $208.25 after closing Thursday at $233.71. The 52-week high is $314.86. Volume of around 7 million shares traded was about 7 times the daily average of around 1 million. The company beat estimates this morning, but guidance was problematic.

Denbury Resources Inc. (NYSE: DNR) dropped about 3.8% Friday to register a new 52-week low of $1.01 after closing at $1.05 on Thursday. The 52-week high is $4.29. Volume was around 4 million, about 65% below the daily average. The company had no specific news.