Bed, Bath & Beyond, General Mills Tumble into Wednesday’s 52-Week Low Club
September 20, 2017 by Paul AusickSeptember 20, 2017: Here are four stocks trading with heavy volume among 39 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on the Nasdaq advancers led decliners by about 4 to 3.
Bed, Bath & Beyond Inc. (NASDAQ: BBBY) posted a new 52-week low of $22.42 on Wednesday, down about 17% from Tuesday’s closing price of $27.03. The stock’s 52-week high is $49.94. Volume totaled around 21 million shares, more than 5 times the daily average. The company missed estimates and offered a weak outlook.
General Mills Inc. (NYSE: GIS) dropped about 9% Wednesday to post a new 52-week low of $50.40 after closing at $55.38 on Tuesday. The stock’s 52-week high is $65.57. Volume of around 13 million was more than three times the daily average. The company reported weaker-than-expected earnings this morning.
Uniti Group Inc. (NASDAQ: UNIT) dropped about 5.3% Wednesday to post a new 52-week low of $15.80 after closing at $16.69 on Tuesday. The 52-week high is $32.73. Volume was around 6.1 million, more than three times the daily average. The company had no specific news.
Kellogg Co. (NYSE: K) dropped about 3.3% Wednesday to post a new 52-week low of $63.71 after closing Tuesday at $65.87. The 52-week high is $78.40. Volume of around 5.2 million shares traded was more than double the daily average. The company had no specific news, but the weak showing at competitor General Mills probably had a lot to do with the share price fall..
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