CF Industries, SeaWorld Join Thursday’s 52-Week Low Club
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…
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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.
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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.
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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.