November 10, 2014: Here are four stocks among the 63 equities making new 52-week lows today.
Abercrombie & Fitch Co. (NYSE: ANF) dropped about 3.8% today to post a new 52-week low of $28.38, marking the second straight session for the stock to post a new low. The stock’s 52-week high is $45.50. Oppenheimer downgraded the stock from Outperform to Market Perform this morning and lowered the teen clothing retailer’s price target from $50 to $30. Trading volume was more than 50% higher than the daily average of around 2.5 million shares traded.
Endeavour Silver Corp. (NYSE: EXK) dropped about 11.5% on Monday to post a new 52-week low of $2.61 after closing at $2.95 on Friday evening. The stock’s 52-week high is $6.44. Share volume is 50% above the daily average of around 1.3 million. The silver miner posted declines in both production and in sales prices and a bigger net loss than expected.
InvenSense Inc. (NASDAQ: INVN) posted a new 52-week low on Monday of $14.59. Based on Friday night’s closing price of $15.20 that’s a drop of about 4%. The stock’s 52-week high is $26.78. Trading volume is 25% below the daily average of around 3.3 million shares. The company had no specific news today.
Rayonier Inc. (NYSE: NYSE) posted a drop of more than 16% today to post a new 52-week low of $28.34 against a 52-week high of $33.90. Volume is about 7-times the daily average of around 715,000 shares. The lumber and wood production company cut its dividend this morning and restated results for the first half of the year due to an accounting misstatement.
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