Coty, Fitbit Fall into Friday’s 52-Week Low Club
December 2, 2016: Here are four stocks trading with relatively heavy volume among 74 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on the Nasdaq advancers led decliners…
December 2, 2016: Here are four stocks trading with relatively heavy volume among 74 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on the Nasdaq advancers led decliners by less than 5 to 4.
Coty Inc. (NYSE: COTY) dropped about 0.8% on Friday to post a new 52-week low of $17.94 after closing at $18.08 on Thursday. The stock’s 52-week high is $31.60. Volume of about 6.8 million was less than half the daily average of 14.5 million. The cosmetics company had no specific news again Friday.
FitBit Inc. (NYSE: FIT) lost about 3.4% Friday to post a new 52-week low of $8.13 after closing Thursday at $8.42. The 52-week high is $34.68. Volume of around 6.7 million was about 30% below the daily average of around 9.8 million shares traded. The company reportedly made an offer on Thursday to acquire competitor Pebbles.
G-III Apparel Group Ltd. (NASDAQ: GIII) dropped nearly 9.2% on Friday to post a new 52-week low of $24.42 after closing at $26.88 on Thursday. The stock’s 52-week high is $55.89. Volume was nearly 10 times the daily average of around 670,000 shares. The company missed forecasts when it reported third quarter results late on Thursday.
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Protalix BioTherapeutics Inc. (NYSEMKT: PLX) dropped about 46% on Friday to post a new 52-week low of $0.30 against a 52-week high of $1.05 and a Thursday close of $0.56. Volume of about 6.5 million was more than 40 times the daily average of around 150,000. The company had no specific news Friday.
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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.
