First Solar, Stage Stores Dive into Thursday’s 52-Week Low Club
November 17, 2016 by Paul AusickNovember 17, 2016: Here are four stocks trading with relatively heavy volume among 41 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by about 100 issues and on the Nasdaq advancers led decliners traded by almost 3 to 2.
First Solar Inc. (NASDAQ: FSLR) dropped nearly 13% on Thursday to post a new 52-week low of $28.60 against a 52-week high of $74.29. Volume of about 11.3 million was more than 3 times the daily average of around 3.3 million. The company said this morning that it is firing 27% of its workers and skip a product generation, going from its current Series 4 product to the Series 6.
Stage Stores Inc. (NYSE: SSI) lost nearly 26% Thursday to post a new 52-week low of $4.30 after closing Wednesday at $5.80. The 52-week high is $9.98. Volume of around 3 million was nearly 10 times the daily average of around 370,000 shares traded. The specialty retailer reported a quarter loss this morning.
Pilgrim’s Pride Corp. (NASDAQ: PPC) dropped about 8.7% on Thursday to post a new 52-week low of $17.94 after closing at $19.64 on Wednesday. The stock’s 52-week high is $27.79. Volume of about 3 million was roughly double the daily average of around 1.45 million shares. The food products maker had no specific news.
Ciber Inc. (NYSE: CBR) dropped about 6% on Thursday to post a new 52-week low of $0.63 after closing at $0.68 on Wednesday. The stock’s 52-week high is $3.75. Volume was nearly 10 times the daily average of around 290,000 shares. The software company had no specific news on Thursday.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.