The 52-Week Low Club for Wednesday
November 4, 2015: Here are four stocks trading with heavy volume among 41 equities making new 52-week lows today.
Groupon Inc. (NASDAQ: GRPN) dropped about 31% on Wednesday to post a new 52-week low of $2.78 against a high of $8.43. The stock closed at $4.03 on Tuesday night. Volume was about 8 times the daily average of around 9 million shares traded. The company posted weak earnings and guidance Tuesday evening, and announced that it replaced its CEO.
Plains GP Holdings LP (NYSE: PAGP) posted a new low on Wednesday. Shares dropped almost 24% to a low of $11.77 from Tuesday’s closing price of $15.39. The stock’s 52-week high is $29.87. Volume was about 12 times the daily average of around 2.5 million shares. The general partner Plains All American missed both profit and earnings estimates on Tuesday.
DSW Inc. (NYSE: DSW) dropped about 13.4% on Wednesday to post a new 52-week low of $21.23 against a 52-week high of $39.58. The stock closed at $24.51 on Tuesday night. Volume was about 10 times the daily average of around 2 million shares traded. The discount shoe retailer cut its forecast and named a new CEO on Tuesday.
3D Systems Inc. (NYSE: DDD) dropped around 4.1% on Wednesday to post a new 52-week low at $10.01 after closing at $10.44 on Tuesday. The stock’s 52-week high is $38.07. Share volume was about 3 times the daily average of around 3 million. The 3D printer-maker replaced its CEO last week and reported worse-than-expected results this morning..