Kroger, Oil Tanker Firm Sail into Tuesday's 52-Week Low Club
September 27, 2016: Here are four stocks trading with relatively heavy volume among 43 equities making new 52-week lows in Tuesday’s session. NYSE advancers led decliners by nearly 3 to 2 and Nasdaq advancers led decliners by nearly 2 to 1.
The Kroger Co. (NYSE: KR) lost about 0.7% Tuesday to post a new 52-week low of $29.85 after closing Monday at $30.08. The 52-week high is $42.75. Volume of around 7.9 million was about 20% below the daily average of around 9.9 million shares traded. The supermarket chain had no specific news, but its shares have been sliding since the company chopped its guidance in early September.
Nordic American Tankers Ltd. (NYSE: NAT) dropped about 0.8% on Tuesday to post a new 52-week low of $9.85 after closing at $110.68 on Monday. The stock’s 52-week high is $17.02. Volume was more than 5 times the daily average of around 1.5 million shares. The oil tanker company priced a secondary, underwritten offering of 11 million shares at $10 per share this morning.
Cameco Corp. (NYSE: CCJ) dropped about 2.4% on Tuesday to post a new 52-week low of $8.50 against a 52-week high of $14.52. Volume of around 2.1 million was slightly above the daily average of 2 million shares traded. The stock closed at $8.71 on Monday night. The uranium mining company had no specific news.
Novo Nordisk A/S (NYSE: NVO) also dropped about 2.4% on Tuesday to post a new 52-week low of $43.35 against a 52-week high of $59.00. Volume of around 2.7 million was about equal to the daily average. The stock closed at $44.43 on Monday night. The Danish drugmaker had no specific news.