JC Penney, JD.com Fall into Thursday’s 52-Week Low Club
August 16, 2018 by Paul AusickAugust 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.
24/7 Wall St.Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.