The 52-Week Low Club for Thursday
ThinkstockMay 21, 2015: Here are four stocks among the 50 equities making new 52-week lows today. NetApp Inc. (NASDAQ: NTAP) dropped about 12.7% on Thursday to post a new 52-week low of $30.85 after closing at $35.33 on Wednesday. The…
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May 21, 2015: Here are four stocks among the 50 equities making new 52-week lows today.
NetApp Inc. (NASDAQ: NTAP) dropped about 12.7% on Thursday to post a new 52-week low of $30.85 after closing at $35.33 on Wednesday. The stock’s 52-week high is $43.75. Share volume was more than 6-times the daily average of around 3.3 million shares traded. The data storage company reported soft results and offered a weak outlook after markets closed on Wednesday.
Lumber Liquidators Holdings Inc. (NYSE: LL) posted a new 52-week low on Thursday. Shares dropped about 17% to $20.97 from Wednesday’s closing price of $25.27. The stock’s 52-week high is $84.77. Volume was more than double the daily average of around 6 million shares. The company’s CEO unexpectedly resigned this morning and the company’s founder is returning as acting CEO until a replacement is found.
Frontier Communications Inc. (NASDAQ: FTR) dropped about 0.5% on Thursday to post a new 52-week low of $5.31 after closing at $5.34 on Wednesday. The stock’s 52-week high is $8.46. Share volume was about 20% below the daily average of around 10.5 million shares traded. The company had no specific news again today, but this is the second consecutive day the communications firm has posted a new 52-week low.
Stein Mart Inc. (NASDAQ: SMRT) dropped about 7.4% on Thursday to post a new 52-week low of $10.73 against a 52-week high of $16.65. The stock closed at $11.59 on Wednesday night. Volume was more than 40% higher than the daily average of around 210,000 shares. The retailer missed earnings 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.