Hain Celestial, Smith & Wesson in Monday’s 52-Week Low Club
Smith & Wesson, Hain Celestial, Cie Energy, and Tidewater posted new 52-week lows on Monday.
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[cnxvideo id=”655405″ placement=”ros”]February 13, 2017: Here are four stocks trading with relatively heavy volume among 29 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners about 3 to 2 and on the Nasdaq advancers led decliners by about 4 to 3.
The Hain Celestial Group Inc. (NASDAQ: HAIN) dropped nearly 15% Monday to post a new 52-week low of $32.87 after closing Friday at $38.53. The 52-week high is $56.99. Volume of about 10 million was around 9 times the daily average of around 1.3 million shares traded. The healthy and organic food processor has once again delayed its SEC filing.
Cobalt International Energy Inc. (NYSE: CIE) dropped 9.9% Monday, to post a new 52-week low of $0.73 after closing at $0.81 on Friday. The stock’s 52-week high is $3.81. Volume was nearly double the daily average of around 5 million shares. The U.S. Department of Justice last week announced an investigation into the company’s operations in Angola.
Tidewater Inc. (NYSE: TDW) dropped about 11% Monday, to post a new 52-week low of $1.29 after closing at $1.45 on Friday. The stock’s 52-week high is $11.58. Volume was more than 10% above the daily average of around 2.5 million shares. The company had no specific news Monday, but last week warned of a possible restructuring.
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American Outdoor Brands Corp. (NASDAQ: AOBC) dropped about 6.3% on Monday to record a new 52-week low of $18.81. The stock closed at $20.07 on Friday. Volume was about 15% higher than the daily average of around 1.9 million shares. The maker of Smith & Wesson handguns had no specific news, but there has been bad news lurking for gunmakers.
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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.
