January 15, 2015: Here are four stocks among the 230 equities making new 52-week lows today.
Genworth Financial Inc. (NYSE: GNW) posted a new 52-week low on Thursday of $7.11. Based on Wednesday night’s closing price of $7.31 that’s a drop of about 2.7%. The stock’s 52-week high is $18.74. Volume is a third of the daily average of around 11 million shares. Fairholme Capital is reported to have closed out its stake in the company.
KB Home (NYSE: KBH) dropped about 8.7% on Thursday to post a new 52-week low of $12.36. The stock’s 52-week high is $20.78. Volume was was about 3-times the daily average of 44 million shares. The homebuilder got slammed on Wednesday when it reported earnings and got another jolt today on competitor Lennar’s weak results..
Pandora Media Inc. (NYSE: P) dropped about 4.3% on Thursday to establish a new 52-week low at $15.32 against a high of $40.44. Volume was roughly equal to the daily average of around 7 million shares. The company had no specific news today.
Viacom Inc. (NASDAQ: VIAB) dropped about 3% on Thursday to post a new 52-week low of $65.73 after closing at $67.80 on Wednesday. The stock’s 52-week high is $89.76. Share volume is more than double the daily average of around 3.5 million shares traded. Citigroup cut the company’s rating to Sell on Wednesday.
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