Investing
DryShips, C.H. Robinson Slide into Thursday's 52-Week Low Club
Published:
Last Updated:
July 20, 2017: Here are four stocks trading with heavy volume among 40 equities making new 52-week lows in Thursday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on the Nasdaq, advancers led decliners by about 15 to 13.
DryShips Inc. (NASDAQ: DRYS) posted a new 52-week low of $0.46 on Thursday, down 8% compared with Wednesday’s closing price of $.50. Volume totaled around 9 million shares, about 3 times the daily average. The company announced a 1-for-7 reverse stock split late Wednesday that takes effect Friday morning. This is the company’s eighth reverse split since March of 2016.
C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) dropped about 7.7% Thursday to post a new 52-week low of $63.41 after closing Wednesday at $68.69. The 52-week high is $81.16. Volume was around 7.5 million shares traded, about 5 times the daily average of around 1.5 million. The trucking company missed on earnings last night.
Regulus Therapeutics Inc. (NASDAQ: RGLS) dropped just over 1% Thursday to post a new 52-week low of $0.86 after closing at $0.96 on Wednesday. The 52-week high is $4.25. Volume was about 2.9 million, more than three times the daily average of 760,000 shares. The company announced on Wednesday a secondary stock offering of 44 million shares at a price of $0.91 per share.
Genuine Parts Co. (NYSE: GPC) dropped about 2.5% Thursday to post a new 52-week low of $80.86 after closing at $82.96 on Wednesday. The stock’s 52-week high is $105.18. Volume of about 1.9 million was about double the daily average of around 970,000. The auto parts company missed estimates for first fiscal quarter profits.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
