The 52-Week Low Club for Friday
ThinkstockOctober 9, 2015: Here are four stocks trading with heavy volume among 23 equities making new 52-week lows today The Gap Inc. (NYSE: GPS) dropped about 8.5% on Friday to post a new 52-week low at $26.50 after closing…
October 9, 2015: Here are four stocks trading with heavy volume among 23 equities making new 52-week lows today
The Gap Inc. (NYSE: GPS) dropped about 8.5% on Friday to post a new 52-week low at $26.50 after closing at $28.95 on Thursday. The stock’s 52-week high is $43.90. Share volume was more than double the daily average of around 5 million. The retailer missed estimates for September same-store sales last night.
LDR Holding Corp. (NASDAQ: LDRH) dropped 28% on Friday to post a new 52-week low of $26.02 against a 52-week high of $47.12. The stock closed at $36.21 on Thursday night. Volume was about 20 times the daily average of around 280,000 shares traded. The medical device company lowered its third-quarter guidance after markets closed last night.
Ruby Tuesday Inc. (NYSE: RT) dropped about 16% on Friday to post a new 52-week low of $5.55 against a high of $8.57. The stock closed at $6.60 on Thursday night. Volume was more than 6 times the daily average of around 330,000 shares traded. The restaurant operator reported a quarterly net loss after markets closed last night.
Och-Ziff Capital Management Group LLC (NYSE: OZM) posted a new low on Friday. Shares dropped about 2.8% to a low of $7.93 from Thursday’s closing price of $8.16. The stock’s 52-week high is $13.49. Volume was about double the daily average of around 520,000. The company had no specific news today.
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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.