Kimco, Sally Beauty Trip into Friday’s 52-Week Low Club
Tahoe Resources, Sally Beauty, Kimco Realty, and Spirit Realty Capital all posted new 52-week lows Friday.
[cnxvideo id=”509525″ placement=”ros”]March 10, 2017: Here are four stocks trading with relatively heavy volume among 85 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by nearly 2 to 1 and on the Nasdaq advancers led by decliners about 4 to 3.
Sally Beauty Holdings Inc. (NYSE: SBH) posted a new 52-week low of $20.22 on Friday, down 0.3% compared with Thursday’s closing price of $20.28. The stock’s 52-week high is $32.93. Volume was more than triple the daily average of around 2 million shares. The company had no specific news Friday.
Tahoe Resources Inc. (NYSE: TAHO) dropped about 8.6% Friday, to post a new 52-week low of $7.27 after closing at $7.95 on Thursday. The stock’s 52-week high is $17.01. Volume was approaching double the daily average of around 2.6 million shares. The gold and silver miner reported results last night that missed profit estimates.
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Kimco Realty Corp. (NYSE: KIM) dropped about 0.6% Friday, to post a new 52-week low of $21.46 after closing at $21.59 on Thursday. The stock’s 52-week high is $34.24. Volume was less than 10% above the daily average of around 3.4 million shares. The company had no specific news.
Spirit Realty Capital Inc. (NYSE: SRC) dropped about 1.5% Friday to post a new 52-week low of $10.06 after closing Thursday at $10.21. Volume of about 3.5 million shares was about 20% below the daily average of around 4.8 million. 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.
