QVC, Realogy Top Friday’s 52-Week Low Club
August 5, 2016: Here are four stocks trading with relatively heavy volume among 18 equities making new 52-week lows in Friday’s session. NYSE advancers led decliners by about 7 to 3 and Nasdaq advancers led decliners by the same margin.…
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August 5, 2016: Here are four stocks trading with relatively heavy volume among 18 equities making new 52-week lows in Friday’s session. NYSE advancers led decliners by about 7 to 3 and Nasdaq advancers led decliners by the same margin.
QVC Group (NASDAQ: QVCA) dropped about 24.3% on Friday to post a new 52-week low of $19.91 after closing at $26.30 on Thursday. The stock’s 52-week high is $30.84. Volume reached about 10 times the daily average of around 2.1 million shares. The TV shopping channel warned of a “choppy” retail environment going forward.
Realogy Holdings Corp. (NYSE: RLGY) lost about 2.4% Friday to post a new 52-week low of $25.52 after closing Thursday at $30.60. The 52-week high is $44.64. Volume was about double the daily average of about 1.76 million shares. The global real-estate and relocation services firm tumbled following a missed earnings forecast Thursday.
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Computer Programs & Systems Inc. (NASDAQ: CPSI) dropped about 34% on Friday to post a new 52-week low of $26.01 against a 52-week high of $59.16. Volume of around 2.8 million was about 15 times the daily average of around 185,000. The stock closed at $39.10 on Thursday night. The company posted earnings Thursday afternoon that missed expectations.
Inovalon Holdings Inc. (NASDAQ: INOV) dropped about 1.2% on Friday to post a new 52-week low of $13.86 against a 52-week high of $23.87. Volume of around 2.7 million was about 4 times the daily average of around 610,000. The stock closed at $14.03 on Thursday night. Analysts at Piper Jaffray cut the stock’s rating from Neutral to Underweight on Thursday and the effects are lingering.
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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.