Coty, Big Lots Tumble into Friday's 52-Week Low Club
June 1, 2018: Here are four stocks trading with heavy volume among 76 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 2.21 to 1 and on the Nasdaq, advancers led decliners by about 2.09 to 1.
Newell Brands Inc. (NYSE: NWL) traded down nearly 4.2% Friday and posted a new 52-week low of $22.60 after closing Thursday at $23.58. The stock’s 52-week high is $55.08. Volume totaled around 10.6 million, about 40% above the daily average of around 1.1 million. The company’ CFO plans to retire at the end of the year after just two years with the firm.
Big Lots Inc. (NYSE: BIG) traded down about 11.5% Friday to post a new 52-week low of $36.20 after closing Thursday at $40.91. The stock’s 52-week high is $64.42. Volume was about six times the daily average of around 1.6 million shares. The company missed profit and same-store sales when it reported quarterly results this morning.
Coty Inc. (NYSE: COTY) fell about 1.9% Friday to post a new 52-week low of $13.00 after closing at $13.25 on Thursday. The 52-week high is $21.68. Volume of about 8.4 million was about 60% higher than the daily average of about 5.3 million. The company had no specific news Friday.
Philip Morris International Inc. (NYSE: PM) dropped about 2.7% Friday to post a new 52-week low of $78.15. Shares closed at $80.32 on Thursday and the stock’s 52-week high is $123.55. Volume of around 5.4 million shares was about 20% below the daily average.The company had no specific news Friday.