Abercrombie & Fitch Co. (NYSE: ANF) dropped more than 16% today to post a new 52-week low of $29.64. The stock’s 52-week high is $45.50. The teen clothing retailer issued a lowered profit estimate Friday morning. Trading volume was more than 5-times the daily average of around 2.3 million shares traded.
Genworth Financial Inc. (NYSE: GNW) dropped about 17% on Friday to post a new 52-week low of $7.17 after closing at $8.66 (another 52-week low) on Thursday evening. The stock’s 52-week high is $18.74. Share volume is more than 11-times the daily average of around 6.1 million. The financial services company posted a big loss on Wednesday and its debt rating was cut to junk levels. The stock dropped 38% on Thursday.
Herbalife Ltd. (NYSE: HLF) posted a new 52-week low on Friday of $37.50. Based on Thursday night’s closing price of $39.99 that’s a drop of about 6%. The stock’s 52-week high is $83.51. Trading volume is more than double the daily average of around 2.2 million shares. The company had no specific news today.
Ubiquiti Networks Inc. (NASDAQ: UBNT) posted a drop of about 19% today to post a new 52-week low of $28.00 against a 52-week high of $56.85. Volume is nearly 6-times the daily average of around 1 million shares. The network solutions provider missed estimates when it reported results on Thursday night and also trimmed its outlook.