Skechers, AT&T Plunge into Friday’s 52-Week Low Club

July 20, 2018 by Paul Ausick

July 20, 2018: Here are four stocks trading with heavy volume among 60 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 1.17 to 1 and on the Nasdaq, decliners led advancers by about 1.11 to 1.

Skechers Inc. (NYSE: SKX) traded down more than 28% Friday and posted a new 52-week low of $23.80 after closing Thursday at $33.25. The stock’s 52-week high is $43.08. Volume totaled more than 50 million, more than 16-times the daily average. The company missed earnings estimates and analysts took no prisoners.

AT&T Inc. (NYSE: T) traded down about 0.7% Friday to post a new 52-week low of $31.04 after closing Thursday at $31.27. The stock’s 52-week high is $39.80. Volume was about 35% below the daily average of about 43 million shares. The federal government’s review of the company’s merger with Time-Warner is getting an expedited review.

Vodafone Group plc (NASDAQ: VOD) dropped about 0.2% Friday to set a new 52-week low of $23.23. Shares closed at $23.28 on Thursday and the stock’s 52-week high is $32.75. Volume totaled 25% more than the daily average of around 3.9 million. The company had no specific news.

Yum China Holdings Inc. (NYSE: YUMC) traded down about 6.2% Friday to set a new 52-week low of $33.77. Shares closed at $36.00 on Thursday, and the 52-week high is $48.75. Volume was about 40% higher than the daily average of around 2.8 million. The company had no specific news, other than more talk about more tariffs on Chinese good and retaliation against companies that do business in China.

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