Investing

DryShips, C.H. Robinson Slide into Thursday's 52-Week Low Club

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.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.