The 52-Week Low Club for Friday
May 29, 2015 by Paul Ausick
Alcoa Inc. (NYSE: AA) posted a new 52-week low on Friday. Shares dropped about 1.9% to $12.44 from Thursday’s closing price of $12.68. The stock’s 52-week high is $17.75. Volume totaled about 14.5 million shares, well below the daily average of around 25.3 million shares. The company had no specific news today, but the supply glut of the metal continues to take its toll.
Michael Kors Holdings Ltd. (NYSE: KORS) dropped another 0.5% on Friday after falling nearly 25% on Wednesday and another 0.5% Thursday to post a new 52-week low of $45.53 after closing at $45.78 on Thursday. The stock’s 52-week high is $95.91. Share volume was around 10 million shares, far above the daily average of around 4.2 million shares traded. The company posted awful quarterly results and a weak outlook on Wednesday.
Keurig Green Mountain Inc. (NASDAQ: GMCR) dropped about 2.3% on Friday to post a new 52-week low of $86.22 after closing at $88.22 on Thursday. The stock’s 52-week high is $158.87. Share volume totaled around 1.6 million, below the daily average of around 2 million shares traded. The coffee and beverage machine company was started at Neutral with a price target of $100 by analysts at Wedbush, well below the consensus price target of $123.
Trimble Navigation Ltd. (NASDAQ: TRMB) dropped nearly 2% on Friday to post a new 52-week low of $23.36 against a 52-week high of $38.99. The stock closed at $23.83 on Thursday night. Volume reached about 3.4 million shares, more than double the daily average of around 1.6 million shares. The company had no specific news today.
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