August 4, 2016: Here are four stocks trading with relatively heavy volume among 22 equities making new 52-week lows in Thursday’s session. NYSE advancers led decliners by about 5 to 4 and Nasdaq advancers and decliners were roughly even.
CF Industries Holdings Inc. (NYSE: CF) dropped about 15.3% on Thursday to post a new 52-week low of $20.77 after closing at $24.52 on Wednesday. The stock’s 52-week high is $67.15. Volume reached nearly 5 times more than the daily average of around 5 million shares. The fertilizer maker missed estimates this morning as a result of low prices for nitrogen products.
SeaWorld Entertainment Inc. (NYSE: SEAS) dropped about 15.2% on Thursday to post a new 52-week low of $12.58 against a 52-week high of $21.85. Volume of around 12 million was about 8 times the daily average of around 1.7 million. The stock closed at $14.84 on Wednesday night. The theme park’s attendance and revenues dropped in the second quarter and forced the company to lower its guidance.
Realogy Holdings Corp. (NYSE: RLGY) lost about 15.3% Thursday to post a new 52-week low of $25.91 versus a high of $44.64 after closing Wednesday at $30.60. Volume was more than 5 times the daily average of about 1.6 million shares. The global real-estate and relocation services firm tumbled following missed an earnings forecast on slow sales of luxury homes.
Inovalon Holdings Inc. (NASDAQ: INOV) dropped more than 23% on Thursday to post a new 52-week low of $14.00 against a 52-week high of $23.87. Volume of around 5.2 million was about 10 times the daily average of around 530,000. The stock closed at $19.27 on Wednesday night. Analysts at Piper Jaffray cut the stock’s rating from Neutral to Underweight.