Fitbit, Kroger Dive into Monday’s 52-Week Low Club
Frontier Communications, Fitbit, Kroger, and Aralez Pharmaceuticals all posted new 52-week lows Monday.
[cnxvideo id=”550173″ placement=”ros”]March 13, 2017: Here are four stocks trading with relatively heavy volume among 85 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by about 3 to 2 and on the Nasdaq advancers led by decliners about 8 to 5.
Frontier Communications Inc. (NASDAQ: FTR) posted a new 52-week low of $2.42 on Monday, down about 9.4% compared with Friday’s closing price of $2.67. The stock’s 52-week high is $5.75. Volume was more than double the daily average of around 27 million shares. The stock is one of three that will be removed from the S&P 500 index.
Fitbit Inc. (NYSE: FIT) dropped about 5.3% Monday, to post a new 52-week low of $5.55 after closing at $5.86 on Friday. The stock’s 52-week high is $18.85. Volume was about 15% above the daily average of around 11 million shares. The had no specific news.
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The Kroger Co. (NYSE: KR) dropped about 1% Monday, to post a new 52-week low of $28.53 after closing at $28.82 on Friday. The stock’s 52-week high is $39.22. Volume was about 20% below the daily average of around 8 million shares. The company had no specific news.
Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ) dropped about 31.7% Monday to post a new 52-week low of $2.41 after closing Friday at $3.53. Volume of about 5.4 million shares was about 10 times the daily average of around 570,000 shares. The company reported a Q4 and full-year loss this morning.
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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.