Under Armour, Sears Tumble into Tuesday’s 52-Week Low Club
December 27, 2016: Here are four stocks trading with relatively heavy volume among 36 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners…
December 27, 2016: Here are four stocks trading with relatively heavy volume among 36 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led decliners by nearly 9 to 5.
Endologix Inc. (NASDAQ: ELGX) dropped about 26% on Tuesday to post a new 52-week low of $5.32 against a 52-week high of $14.50 and a Friday close of $7.19. Volume of about 7 million was nearly 5 times the daily average of around 1.5 million. The company put a temporary shipping hold on its best-selling heart device, saying there was a manufacturing issue.
Abercrombie & Fitch Inc. (NYSE: ANF) dropped about 0.7% on Tuesday to post a new 52-week low of $11.86 after closing at $11.94 on Friday. The stock’s 52-week high is $32.83. Volume of about 2 million shares was about 15% below the daily average of about 2 million. The specialty retailer had no specific news.
Under Armour Inc. (NYSE: UAA) dropped about 0.5% on Tuesday to post a new 52-week low of $29.14 after closing at $29.29 on Friday. The stock’s 52-week high is $47.95. Volume was about one-third the daily average of around 6 million shares. The company had no specific news Tuesday.
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Sears Holdings Corp. (NASDAQ: SHLD) dropped about 7.2% Tuesday to post a new 52-week low of $8.16 after closing Friday at $8.79. The 52-week high is $21.98. Volume of around 2 million was more than double the daily average of around less than 900,000 shares traded. The company had no specific news.
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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.
