Rite Aid, O’Reilly Automotive Tumble into Wednesday’s 52-Week Low Club

July 5, 2017 by Paul Ausick

July 5, 2017: Here are four stocks trading with heavy volume among 62 equities making new 52-week lows in Wednesday’s session. On the NYSE, decliners led advancers by about 3 to 2 and on the Nasdaq, decliners led advancers by about 4 to 3.

Rite Aid Corp. (NYSE: RAD) dropped about 8.2% Wednesday to post a new 52-week  low of $2.61 after closing Monday at $2.69. The 52-week high is $8.77. Volume was around 60 million shares traded, about double the daily volume of about 29.8 million. The company had no specific news Wednesday.

Yamana Gold Inc. (NYSE: AUY) dropped about 4.6% Wednesday to post a new 52-week low of $2.27 after closing at $2.38 on Monday. The stock’s 52-week high is $5.99. Volume of about 18.5 million was around 15% above the daily average of nearly 14 million. The company had no specific news.

O’Reilly Automotive Inc. (NASDAQ: ORLY) posted a new 52-week low of $173.89 on Wednesday, down about 21% compared with Monday’s closing price of $220.41. The stock’s 52-week high is $292.84. Volume totaled more than 11 million shares, about 9 times the daily average. The company reported June same-store sales would be well below initial estimates.

Advance Auto Parts Inc. (NYSE: AAP) dropped about 16.3% Wednesday to post a new 52-week low of $99.13 after closing at $118.41 on Monday. Volume was about 6.5 million, more than 5 times higher than the daily average of around 5 million shares. The other falling shoe in the O’Reilly story is that Amazon may be decimating all traditional auto parts stores’ business.

Sponsored: Want to Retire Early? Start Here

Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.