The 52-Week Low Club for Thursday
February 4, 2016: Here are four stocks trading with heavy volume among 106 equities making new 52-week lows today. GoPro Inc. (NASDAQ: GPRO) dropped nearly 16% on Thursday to post a new 52-week low at $9.02 after closing at $10.71…
February 4, 2016: Here are four stocks trading with heavy volume among 106 equities making new 52-week lows today.
GoPro Inc. (NASDAQ: GPRO) dropped nearly 16% on Thursday to post a new 52-week low at $9.02 after closing at $10.71 on Wednesday. The stock’s 52-week high is $65.49. Share volume totaled more than 20 million shares compared with the daily average of around 8 million shares traded. The action camera maker reported weak results after markets closed Wednesday and took a downgrade to neutral from two research firms.
Kohl’s Corp. (NYSE: KSS) posted a new 52-week low on Thursday. Shares traded at a low of $40.95, down about 20%, after closing at $51.13 on Wednesday. The stock’s 52-week high is $79.60. Volume of about 20 million represented a jump of more than four times the daily average of around 4.4 million shares. The retail chain operator lowered its guidance and took a downgrade from one analyst today.
MetLife Inc. (NYSE: MET) fell by about 6.4% on Thursday to post a new 52-week low of $39.27 against a high of $58.23. The stock closed at $41.95 on Wednesday night. Volume rose to around 14 million, nearly double the daily average of about 7.4 million shares traded. The insurer missed estimates when it reported earnings on Wednesday night.
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Marathon Petroleum Corp. (NYSE: MPC) dropped about 8.1% on Thursday to post a new 52-week low of $34.16 against a 52-week high of $60.38. The stock closed at $37.20 on Wednesday night. Volume reached about 14 million shares, more than double the stock’s daily average volume of around 5.8million. The refining company reported better-than-expected earnings this morning, but its pipeline MLP distribution is the concern going forward.
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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.