August 16, 2018: Here are four stocks trading with heavy volume among 122 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by about 2.93 to 1, and on the Nasdaq, advancers led decliners by about 2.39 to 1.
J.C. Penney Co. Inc. (NYSE: JCP) traded down about 27% Thursday to set a new 52-week low of $1.75. Shares closed at $2.41 on Wednesday, and the 52-week high is $4.75. Volume was more than four times the daily average of around 16.4 million. The company cut guidance this morning.
JD.com Inc. (NASDAQ: JD) traded down about 3.6% Thursday and posted a new 52-week low of $31.19 after closing Wednesday at $32.36. The stock’s 52-week high is $50.68. Volume was nearly three times the daily average of around 14.4 million. The company reported disappointing second-quarter results this morning.
Coty Inc. (NYSE: COTY) traded down about 6.1% Thursday to post a new 52-week low of $10.73 after closing Wednesday at $11.43. The stock’s 52-week high is $21.68. Volume was approaching double the daily average of about 5.7 million shares. The company had no specific news.
Pain Therapeutics Inc. (NASDAQ: PTIE) dropped 50% Thursday to set a new 52-week low of $0.98. Shares closed at $1.96 on Wednesday and the stock’s 52-week high is $12.80. Volume totaled around 10 million, nearly 20 times the daily average. The company announced a direct share offering of $11.3 million at $1.15 per share. Boy, do current investors hate that sort of behavior.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
