The 52-Week Low Club for Tuesday
ThinkstockSeptember 2, 2014: Among the 31 stocks making new 52-week lows today were the following companies: Conn’s Inc. (NASDAQ: CONN) dropped nearly 31% on Tuesday following an announcement that the company is lowering its forecast. The company furniture, appliance, and electronics…
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September 2, 2014: Among the 31 stocks making new 52-week lows today were the following companies:
Conn’s Inc. (NASDAQ: CONN) dropped nearly 31% on Tuesday following an announcement that the company is lowering its forecast. The company furniture, appliance, and electronics retailer also reported that 8.7% of its outstanding customer financing balance is more than 60 days late.. The new 52-week low is $31.00. Share volume is about 17-times the daily average of around 720,000. The stock’s 52-week high is $80.34.
Diamond Offshore Drilling Inc. (NYSE: DO) dropped about 2.5% today to post a new 52-week low of $42.85 compared with the stock’s 52-week high of $65.62. The offshore drilling company had no news today. Volume is about 35% below the daily average of around 1.4 million shares traded.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) dropped more than 7% today to post a new 52-week low of $26.28. The stock traded more than double the average daily volume of around 3.8 million shares and the 52-week high is $45.70. The casino and resort operator trades down on the August report that Macau gambling revenue is down for the third month in a row. Shares are down nearly 30% for the year to date.
Nu Skin Enterprises Inc. (NYSE: NUS) dropped about 7.2% today to post a new 52-week low of $41.50. Volume is nearly 4-times the daily average of around 1.3 million shares. The multilevel marketing firm had no news today but was slipping last week as well. The company’s 52-week high is $43.99 and the sock is down 67% in the first seven months of the year.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.