The 52-Week Low Club for Thursday
ThinkstockApril 9, 2015: Here are four stocks among the 38 equities making new 52-week lows today. Host Hotels & Resorts Inc. (NYSE: HST) dropped about 1.6% on Thursday to post a new 52-week low of $19.87 after closing at $20.19…
April 9, 2015: Here are four stocks among the 38 equities making new 52-week lows today.
Host Hotels & Resorts Inc. (NYSE: HST) dropped about 1.6% on Thursday to post a new 52-week low of $19.87 after closing at $20.19 on Wednesday. The stock’s 52-week high is $24.50. Share volume totaled more than double the daily average of around 1.3 million shares traded. The company’s stock was one of the 10 worst performers among the S&P 500 in the first quarter of this year.
Apollo Education Group Inc. (NASDAQ: APOL) dropped about 2.3% on Thursday to post a new 52-week low of $17.34 after closing at $17.75 on Wednesday. The stock’s 52-week high is 34.55. Share volume was about 10% above the daily average of 1.7 million shares traded. The for-profit higher education company had no news today, but has posted new lows every day this week.
MSC Industrial Direct Co. Inc. (NYSE: MSM) dropped about 4.4% on Thursday to post a new 52-week low of $68.16 against a high of $96.62. The stock closed at $71.26 on Wednesday night. Volume was more than 3-times the daily average of around 550,000 shares. The company missed estimates when it reported results this morning.
Sonus Networks Inc. (NASDAQ: SONS) posted a new 52-week low on Thursday. Shares dropped about 1.3% to $7.55 from Wednesday’s closing price of $7.65. The stock’s 52-week high is $21.25. Volume is about equal to the daily average of around 1.1 million shares. The company disclosed yesterday that it had been hit with a class action lawsuit.
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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.