G-III, Noble Corp. in Tuesday's 52-Week Low Club
August 30, 2016: Here are four stocks trading with relatively heavy volume among 19 equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by just 3 percentage points and Nasdaq advancers led decliners by just 4 points.
G-III Apparel Group Ltd. (NASDAQ: GIII) dropped nearly 23% on Tuesday to post a new 52-week low of $32.22 after closing at $41.77 on Monday. The stock’s 52-week high is $71.18. Volume was more than 10 times the daily average of around 600,000 shares. The company reported weak results and cut guidance this morning.
Noble Corp. plc (NYSE: NE) lost about 3% Tuesday to post a new 52-week low of $5.70 after closing Monday at $5.88. The 52-week high is $14.64. Volume of around 4 million was about half the daily average of around 8.7 million. The company had no specific news Tuesday.
Chicago Bridge & Iron Co. (NYSE: CBI) dropped about 1.2% on Tuesday to post a new 52-week low of $30.61 against a 52-week high of $46.39. Volume of around 900,000 was about 35% below the daily average of around 1.4 million. The stock closed at $30.98 on Monday night. The company had no specific news for the day.
The Rubicon Project Inc. (NYSE: RUBI) dropped about 2.4% on Tuesday to post a new 52-week low of $8.64 against a 52-week high of $20.37. Volume of around 680,000 million was about 15% below the daily average of around 780,000. The stock closed at $8.85 on Monday night. The ad marketplace has formed a strategic alliance with Flipboard that will allow advertisers to buy ad space on Flipboard.