May 5, 2016: Here are four stocks trading with relatively heavy volume among 55 equities making new 52-week lows in Thursday’s session. NYSE decliners led advancers by about 5 to 4 while Nasdaq decliners led advancers by about 3 to 2.
L Brands Inc. (NYSE: LB) dropped by about 12% on Thursday to post a new 52-week low at $70.44 after closing at $80.18 on Wednesday. The stock’s 52-week high is $101.11. The operator of Victoria’s Secret and Bath & Body Works shops reported weak same-store sales this morning and analysts at Piper Jaffray downgraded the stock to boot.
AmerisourceBergen Corp. (NYSE: ABC) fell by about 8.8% on Thursday to post a new 52-week low of $76.85 against a high of $116.00. The stock closed at $84.29 on Wednesday night. Volume totaled more than 10 million shares, nearly 5 times the stock’s daily average. The pharmaceuticals distributor reported beat estimates this morning, but cut guidance.
American Airlines Group Inc. (NASDAQ: AAL) dropped about 1.4% on Thursday to post a new 52-week low of $32.73 against a 52-week high of $50.30. The stock closed at $33.21 on Wednesday night. Volume was about equal to the stock’s daily average volume of around 8.7 million shares. The airline had no specific news Thursday.
Nokia Corp. (NYSE: NOK) posted a new 52-week low on Thursday. Shares traded at a low of $5.66, down about 0.3%, after closing at $5.76 on Wednesday. The stock’s 52-week high is $7.63. Volume was about 30% below the daily average of around 12.5 million shares. The network infrastructure and services company had no specific news Thursday.