Chico's FAS, Southwestern Energy Drop into Wednesday's 52-Week Low Club
May 24, 2017: Here are four stocks trading with relatively heavy volume among 106 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by about 4 to 3 and on the Nasdaq advancers led decliners by a slim 14 to 13 margin.
Chico’s FAS Inc. (NYSE: CHS) dropped nearly 20% Wednesday to post a new 52-week low of $8.91 after closing at $11.09 on Tuesday. The stock’s 52-week high is $16.85. Volume was nearly 7 times the daily average of around 2.6 million shares. The company posted weak results and offered up more of the same in its outlook.
Southwestern Energy Co. (NYSE: SWN) dropped about 4% Wednesday to post a new 52-week low of $6.70 after closing Tuesday at $6.99. The 52-week high is $15.59. Volume of around 15.7 million shares was about 25% below the daily average. The company had no specific news.
Teva Pharmaceuticals Industries Ltd. (NYSE: TEVA) dropped about 2.4% Wednesday to post a new 52-week low of $28.07 after closing at $28.76 on Tuesday. The stock’s 52-week high is $56.44. Volume of about 12 million was about 80% above the daily average of around 6.8 million shares traded. The company had no specific news.
Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) posted a new 52-week low of $98.63 on Wednesday, down about 5.7% compared with Tuesday’s closing price of $04.64. The stock’s 52-week high is $157.02. Volume totaled about 8.5 million shares, around 4 times the daily average of about 3 million. The company announced several executive changes on Tuesday and the fallout has continued.