Investing

GameStop, Ulta Plunge into Friday's 52-Week Low Club

August 25, 2017: Here are four stocks trading with heavy volume among 61 equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by more than 5 to 2 and on the Nasdaq advancers led decliners by about 4 to 3.

GameStop Corp. (NYSE: GME) posted a new 52-week low of $18.72 on Friday, down about 14% from Thursday’s closing price of $21.78. The stock’s 52-week high is $30.51. Volume totaled around 17 million shares, about 7 times the daily average of around 2.5 million. The company missed profit estimates this morning and the firm’s new strategy is losing adherents among investors.

Tahoe Resources Inc. (NYSE: TAHO) dropped about 22% Friday to post a new 52-week low of $4.27 after closing at $5.48 on Thursday. The stock’s 52-week high is $14.95. Volume of around 8.8 million was more than double the daily average of about 3.3 million. The company had no specific news.

Ulta Beauty Inc. (NASDAQ: ULTA) dropped about nearly 11% Friday to post a new 52-week low of $208.25 after closing Thursday at $233.71. The 52-week high is $314.86. Volume of around 7 million shares traded was about 7 times the daily average of around 1 million. The company beat estimates this morning, but guidance was problematic.

Denbury Resources Inc. (NYSE: DNR) dropped about 3.8% Friday to register a new 52-week low of $1.01 after closing at $1.05 on Thursday. The 52-week high is $4.29. Volume was around 4 million, about 65% below the daily average. The company had no specific news.

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.