The 52-Week Low Club for Wednesday
June 1, 2016: Here are four stocks trading with relatively heavy volume among 18 equities making new 52-week lows in Wednesday’s session. NYSE advancers led decliners by about 2 to 1 while Nasdaq advancers led decliners by less than 2…
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June 1, 2016: Here are four stocks trading with relatively heavy volume among 18 equities making new 52-week lows in Wednesday’s session. NYSE advancers led decliners by about 2 to 1 while Nasdaq advancers led decliners by less than 2 to 1.
Under Armour Inc.Class C common shares (NYSE: UA-C) posted a new 52-week low on Wednesday. Shares traded at a low of $32.69, down about 6.7%, after closing at $34.97 on Tuesday. The stock is non-voting shares issued to shareholders by the company in early April in what was essentially a 2-for-1 stock split.. The company announced Tuesday that it will book charges for the second quarter and take a hit to annual revenue as a result of the bankruptcy liquidation of Sports Authority.
Daktronics Inc. (NASDAQ: DAKT) fell more than 18% on Wednesday to post a new 52-week low of $6.50 against a high of $12.35. The stock closed at $7.97 on Tuesday night. Volume was nearly 10 times the stock’s daily average of around 175,000. The maker of electronic display systems reported an unexpected Q4 loss Wednesday morning.
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Lands’ End Inc. (NASDAQ: LE) dropped about 7.6% on Wednesday to post a new 52-week low of $15.49 against a 52-week high of $29.25. The stock closed at $16.77 on Tuesday night. Volume was about 6 times the stock’s daily average volume of around 190,000 shares. The apparel retailer posted a dismal quarterly report this morning.
Embraer SA (NYSE: ERJ) dropped by about 1.2% on Wednesday to post a new 52-week low at $20.56 after closing at $20.82 on Tuesday. The stock’s 52-week high is $32.50. Daily volume totaled about 30% below the average of around 1.3 million shares. The Brazilian aircraft maker shut down its China factory, ending business jet production in the country.
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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.
