Guess, Anthera Pharmaceuticals Dive into Thursday’s 52-Week Low Club

By Paul Ausick Updated Jan 12, 1:53PM EST · Published Mar 16, 4:11PM EDT

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

[cnxvideo id=”508884″ placement=”ros”]March 16, 2017: Here are four stocks trading with relatively heavy volume among 53 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by less than 4 to 3 and on the Nasdaq advancers led decliners by more than 4 to 3.

Guess Inc. (NYSE: GES) posted a new 52-week low of $10.33 on Thursday, down about 15.5% compared with Wednesday’s closing price of $12.23. The stock’s 52-week high is $19.45. Volume was more than 7 times the daily average of around 1.3 million shares. The apparel maker missed quarterly estimates and the outlook for improvement is murky at best.

Anthera Pharmaceuticals Inc. (NASDAQ: ANTH) dropped about 11% Thursday, to post a new 52-week low of $0.40 after closing at $0.45 on Wednesday. The stock’s 52-week high is $4.41. Volume was about 20% above the daily average of around 2.3 million shares. The company had no specific news.

[nativounit]

Walter Investment Management Corp. (NYSE: WAC) dropped about 45% Thursday, to post a new 52-week low of $0.85 after closing at $1.55 on Wednesday. The stock’s 52-week high is $8.51. Volume was more 5 times the daily average of around 415,000 shares. The company had no specific news.

Rentech Inc. (NASDAQ: RTK) dropped nearly 26% Thursday to post a new 52-week low of $0.55 after closing Wednesday at $0.74. Volume of more than 2.6 million shares was about 5 times the daily average of around 500,000. The company reported preliminary results this morning and there was no good news to be found.

[wallst_email_signup]

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google

About the Author Paul Ausick →

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.