Investing

Macy's, Seadrill Drop Into Friday's 52-Week Low Club

May 19, 2017: Here are four stocks trading with relatively heavy volume among 104 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by more than 3 to 1 and on the Nasdaq advancers led decliners by about 9 to 5.

Seadrill Ltd. (NYSE: SDRL) posted a new 52-week low of $0.52 on Friday, down about 10% compared with Thursday’s closing price of $0.58. The stock’s 52-week high is $4.59. Volume totaled around 9 million shares, about 30% below the daily average of nearly 12 million. The offshore driller had no specific news.

American Eagle Outfitters Inc. (NYSE: AEO) dropped about 2.9% Friday to post a new 52-week low of $10.56 after closing at $10.88 on Thursday. The stock’s 52-week high is $19.55. Volume of nearly 9 million was about 70% above the daily average of around 5.2 million shares traded. The company had no specific news.

Hertz Global Holdings Inc. (NYSE: HTZ) dropped about 1% Friday to post a new 52-week low of $9.24 after closing at $9.33 on Thursday. The stock’s 52-week high is $53.14. Volume was about 75% higher than the daily average of around 4.6 million shares. The company had no specific news.

Macy’s Inc. (NYSE: M) dropped about 1.4% Friday to post a new 52-week  low of $22.43 after closing Thursday at $22.76. The 52-week high is $45.41. Volume of around 7.2 million shares was roughly equal to the daily average. After getting off to a rocky start this morning, the stock is on track to finish with a gain of about 1% for the day following the company’s annual meeting.

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