The 52-Week Low Club for Wednesday
ThinkstockFebruary 11, 2015: Here are four stocks among the 78 equities making new 52-week lows today. Pier 1 Imports Inc. (NYSE: PIR) dropped about 33% on Wednesday to post a new 52-week low of $11.38 after closing at $16.97 on…
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February 11, 2015: Here are four stocks among the 78 equities making new 52-week lows today.
Pier 1 Imports Inc. (NYSE: PIR) dropped about 33% on Wednesday to post a new 52-week low of $11.38 after closing at $16.97 on Tuesday. The stock’s 52-week high is $20.15. Share volume was about 17-times the daily average of around 2 million shares traded. The home goods retailer reported weak numbers and offered weak guidance this morning..
Itau Unibanco Holding SA (NYSE: ITUB) dropped about 3.8% on Wednesday to establish a new 52-week low at $11.49 against a high of $18.49. Volume was about equal to the daily average of around 12 million shares. The Brazilian bank’s stock began trading ex-dividend today.
Fifth Street Finance Corp. (NASDAQ: FSC) posted a new 52-week low on Wednesday. Shares dropped about 2.2% to $6.80 from Tuesday’s closing price of $6.95. The stock’s 52-week high is $10.20. Volume is more than 3-times the daily average of around 1.5 million shares. The stock is still being affected by a downgrade from Tuesday and reported loss on Monday.
The Andersons Inc. (NASDAQ: ANDE) dropped about 13.5% on Wednesday to post a new 52-week low of $41.72. The stock’s 52-week high is $69.93. Volume was more than 5-times the daily average of around 255,000 shares. The ethanol refiner misse Street estimates this morning.
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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.