March 4, 2016: Here are four stocks trading with heavy volume among 17 equities making new 52-week lows today.
H&R Block Inc. (NYSE: HRB) posted a new 52-week low on Friday. Shares traded at a low of $26.93, down more than 18%, after closing at $32.90 on Thursday. The stock’s 52-week high is $37.53. Volume totaled about 50% more than the daily average of around 3 million shares. The tax preparation firm’s stock was downgraded this morning after the company posted a quarterly loss.
Symantec Corp. (NASDAQ: SYMC) fell by about 21% on Friday to post a new 52-week low of $16.14 against a high of $26.16. The stock closed at $20.52 on Thursday night. Volume rose to about 15.2 million shares, almost double the daily average of about 7.7 million shares traded. The sell-off could be the result of investors bailing out after the company’s $4 per share special dividend was paid.
The Manitowoc Company Inc. (NYSE: MTW) dropped about 11% on Friday to post a new 52-week low of $4.04 against a 52-week high of $8.53. The stock closed at $3.72 on Thursday night. Volume rose to about 2 million shares, about 20% below the stock’s daily average volume of around 2.5 million. The company completed a spin-off of its foodservice business today.
Vitae Pharmaceuticals Inc. (NASDAQ: VTAE) dropped by about 57% on Friday to post a new 52-week low at $4.15 after closing at $9.80 on Thursday. The stock’s 52-week high is $18.71. Share volume totaled about 7.3 million, more than 40 times the daily average of around 170,000 shares traded. The drugmaker reported a net loss and unexpectedly lower revenues last night. Analysts at Stifel downgraded the stock from Buy to Hold this morning.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.