JC Penney, Helios and Matheson Crash into Wednesday's 52-Week Low Club
May 23, 2018: Here are four stocks trading with heavy volume among 89 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 1.08 to 1 and on the Nasdaq, advancers led decliners by about 1.18 to 1.
J.C. Penney Co. Inc. (NYSE: JCP) dropped about 10% Wednesday to post a new 52-week low of $2.25. Shares closed at $2.50 on Tuesday and the stock’s 52-week high is $5.63. Volume of around 25 million shares was about 40% higher than the daily average.The company announced Tuesday morning that CEO Marvin Ellison is leaving to assume the CEO role at Lowe’s. The fallout continues although at last look the stock looks to be on the way to a small gain for the day.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) fell nearly 15% Wednesday to post a new 52-week low of $0.46 after closing at $0.54 on Tuesday. The 52-week high is $38.86. Volume of more than 25 million was more than double the daily average of about 10 million. The company that owns MoviePass had no specific news again today.
Camping World Holdings Inc. (NYSE: CWH) traded down about 13% Wednesday to post a new 52-week low of $18.65 after closing Tuesday at $21.41. The stock’s 52-week high is $47.62. Volume was almost four times the daily average of around 1.7 million shares. The company had no specific news.
Banco Santander SA (NYSE: SAN) traded down about 3.2% Wednesday and posted a new 52-week low of $6.00 after closing Tuesday at $6.19. The stock’s 52-week high is $7.57. Volume totaled around 6.8 million, about 10% above the daily average of around 6.4 million. The company had no specific news.