Coty, Enterprise Transfer Partners Dive into Wednesday's 52-Week Low Club
October 18, 2017: Here are four stocks trading with heavy volume among 55 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on the Nasdaq advancers led decliners by about 4 to 3.
Coty Inc. (NYSE: COTY) dropped about 4.2% Wednesday to post a new 52-week low of $15.33 after closing at $16.00 on Tuesday. The 52-week high is $23.67. Volume was around 8 million, about a third above the daily average of about 6.2 million. The company had no specific news.
Energy Transfer Partners LP (NYSE: ETP) dropped about 4% Wednesday to post a new 52-week low of $17.43 after closing at $18.15 on Tuesday. The 52-week high is $27.99. Volume was around 6.9 million, less than 10% above the daily average. The company had no specific news.
Express Scripts Holding Co. (NASDAQ: ESRX)) dropped about 2.5% Wednesday to post a new 52-week low of $55.80 after closing at $57.21 on Tuesday. The stock’s 52-week high is $77.50. Volume of around 6.5 million was about double the daily average. The company is losing its Anthem business as the insurer plans its own pharmacy benefits management group. The stock price recovered and is set to close with a gain for the day.
Supervalu Inc. (NYSE: SVU) posted a new 52-week low of $17.09 on Wednesday, down about 11.8% from Tuesday’s closing price of $19.38. The stock’s 52-week high is $36.68. Volume totaled around 4.8 million shares, more than three times the daily average. The grocery store chain beat estimates but still posted a loss and also spent $180 million to acquire a Florida-based grocery cooperative.