Henry Schein, Patterson Sink into Tuesday’s 52-Week Low Club
Weatherford Internationals, Henry Schein, Patterson, and HCP all posted new 52-week lows Tuesday.
February 13, 2018: Here are four stocks trading with heavy volume among 70 equities making new 52-week lows in Tuesday’s session. On the NYSE advancers led decliners by about 3 to 2 and on the Nasdaq, advancers led decliners by about 4 to 3.
Weatherford International plc (NYSE: WFT) dropped about 8.4% Tuesday to post a new 52-week low of $2.62 after closing at $2.86 on Monday. The stock’s 52-week high is $7.09. Volume was around 33 million, about a third higher than the daily average of about 24 million. The company had no specific news.
Henry Schein Inc. (NASDAQ: HSIC) fell about 12.7% Tuesday to post a new 52-week low of $63.01 after closing at $72.18 on Monday. The 52-week high is $93.50. Volume of about 11 million was around 5 times the daily average. The dental supply company is the subject of a Federal Trade Commission antitrust complaint.
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Patterson Companies Inc. (NASDAQ: PDCO) traded down about 12.6% Tuesday and posted a new 52-week low of $28.77 after closing Monday at $32.92. The stock’s 52-week high is $48.30. Volume was around 5.1 million, nearly three times the daily average. Another dental supplier hit with an antitrust complaint from the FTC.
HCP Inc. (NYSE: HCP) traded down about 3.8% Tuesday and posted a new 52-week low of $21.98 after closing Monday at $22.85. The stock’s 52-week high is $33.67. Volume was around 5 million, about 20% above the daily average of just 4.1 million shares. The company’s reported revenues were below expectations.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
