Tractor Supply, Kroger Tumble into Thursday's 52-Week Low Club
September 8, 2016: Here are four stocks trading with relatively heavy volume among 19 equities making new 52-week lows in Thursday’s session. NYSE decliners led advancers by about 5 to 4 and Nasdaq decliners led advancers by just 4 percentage points.
Tractor Supply Co. (NASDAQ: TSCO) lost about 17% Thursday to post a new 52-week low of $69.27 after closing Wednesday at $83.53. The 52-week high is $97.25. Volume of more than 16 million was nearly 15 times the daily average of around 1.2 million. The agricultural supply store chopped guidance this morning.
The Kroger Co. (NYSE: KR) dropped about 2% on Thursday to post a new 52-week low of $30.70 against a 52-week high of $42.75. Volume of around 14.5 million was about 60% above the daily average of around 9.7 million. The stock closed at $31.32 on Wednesday night. Kroger took another dose of harsh treatment following Supervalu’s lowered guidance.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) dropped about 1.4% on Thursday to post a new 52-week low of $6.95 after closing at $7.05 on Wednesday. The stock’s 52-week high is $10.58. Volume was nearly equal to the daily average of around 4 million shares. The company had no specific news Thursday.
SeaWorld Entertainment Inc. (NYSE: SEAS) dropped about 5% on Thursday to post a new 52-week low of $12.45 against a 52-week high of $21.85. Volume of around 2.4 million was about 30% above the daily average of around 1.8 million. The stock closed at $25.98 on Wednesday night. The company had no specific news Thursday.