The 52-Week Low Club for Thursday
June 2, 2016: Here are four stocks trading with relatively heavy volume among 15 equities making new 52-week lows in Thursday’s session. NYSE advancers led decliners by about 3 to 2 while Nasdaq advancers led decliners by slightly less than the same margin.
Signet Jewelers Ltd. (NYSE: SIG) posted a new 52-week low on Thursday. Shares traded at a low of $84.80, down about 14%, after closing at $98.73 on Wednesday. The stock’s 52-week high is $152.27. Volume was nearly 10 times the daily average of 1.3 million shares. The company took a dive following a poor review from an investment newsletter.
Conns Inc. (NASDAQ: CONN) dropped about 25.8% on Thursday to post a new 52-week low of $8.69 against a 52-week high of $43.95. The stock closed at $11.71 on Wednesday night. Volume was about 7 times the stock’s daily average volume of around 740,000 shares. The specialty retailer reported dismal results Thursday morning.
DeVry Education Group Inc. (NYSE: DV) dropped by about 15.6% on Thursday to post a new 52-week low at $15.36 after closing at $18.20 on Wednesday. The stock’s 52-week high is $34.18. Daily volume totaled about 30% below the average of around 1.3 million shares. The for-profit education company named a new CFO yesterday, the second in less than two weeks, and the stock was downgraded by Credit Suisse.
Daktronics Inc. (NASDAQ: DAKT) fell 3.9% on Thursday to post a new 52-week low of $6.16 against a high of $12.35. The stock closed at $6.41 on Wednesday night. Volume was more than 7 times the stock’s daily average of around 210,000. The maker of electronic display systems reported an unexpected Q4 loss Wednesday morning and the selling continued Thursday.