Smith & Wesson Maker, GNC Pop into Thursday's 52-Week Low Club
February 16, 2017: Here are four stocks trading with relatively heavy volume among 30 equities making new 52-week lows in Thursday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq decliners led advancers by about 5 to 4.
GNC Holdings Inc. (NYSE: GNC) dropped more than 16% Thursday, to post a new 52-week low of $18.10 after closing at $22.87 on Wednesday. The stock’s 52-week high is $51.93. Volume was about 6 times the daily average of around 2.5 million shares. The company reported dreadful results this morning.
Sabre Corp. (NASDAQ: SABR) dropped about 1.8% Thursday to post a new 52-week low of $21.26 after closing Wednesday at $21.65. The 52-week high is $29.76. Volume of about 3 million was roughly equal to the daily average. The company had no specific news.
L Brands Inc. (NYSE: LB) also dropped about 1.8% on Thursday to record a new 52-week low of $57.15. The stock closed at $58.22 on Wednesday. Volume was about equal to the daily average of around 2.5 million shares. A report that ecommerce giant Amazon.com is considering competing with the company’s Victoria’s Secret stores has given some investors the jitters.
American Outdoor Brands Corp. (NASDAQ: AOBC) dropped about 3.4% Thursday, to post a new 52-week low of $18.20 after closing at $18.84 on Wednesday. The stock’s 52-week high is $31.19. Volume was about 15% above the daily average of around 1.8 million shares. The maker of Smith & Wesson firearms had no specific news.