First Solar, Rite Aid Dip into Monday’s 52-Week Low Club
Rite Aid, First Solar, Hertz, and Cenovus Energy posted new 52-week lows Monday.
[cnxvideo id=”625456″ placement=”ros”]April 3, 2017: Here are four stocks trading with relatively heavy volume among 49 equities making new 52-week lows in Monday’s session. On the NYSE, decliners led advancers by about 9 to 7 and on the Nasdaq decliners led advancers by more than 2 to 1.
Rite Aid Corp. (NYSE: RAD) posted a new 52-week low of $4.16 on Monday, down about 2.1% compared with Friday’s closing price of $4.25. The stock’s 52-week high is $8.77. Volume was about 40% below the daily average of around 25.9 million shares. The company had no specific news.
Hertz Global Holdings Inc. (NYSE: HTZ) dropped about 3.2% Monday to post a new 52-week low of $15.95 after closing at $17.54 on Friday. The stock’s 52-week high is $53.14. Volume was about 65% above the daily average of around 2.8 million. The company had no specific news.
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Cenovus Energy Inc. (NYSE: CVE) dropped about 1.9% Monday to post a new 52-week low of $11.09 after closing Friday at $11.30. The stock’s 52-week high is $16.82. Volume of about 4.2 million shares was about 60% above the daily average of around 2.9 million. The company had no specific news.
First Solar Inc. (NASDAQ: FSLR) dropped about 3.2% Monday to post a new 52-week low of $26.22 after closing at $27.10 on Friday. The stock’s 52-week high is $69.01. Volume was roughly 25% higher than the daily average of around 2.9 million shares. The company had no specific news Monday.
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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.
