Investing
Super Micro, Sears Slide into Wednesday's 52-Week Low Club
August 22, 2018 4:04 pm
Last Updated: January 11, 2020 6:58 pm
August 22, 2018: Here are four stocks trading with heavy volume among 44 equities making new 52-week lows in Wednesday’s session. On the NYSE advancers led decliners by about 1.1 to 1, and on the Nasdaq, advancers led decliners by about 1.53 to 1.
Super Micro Computer Inc. (NASDAQ: SMCI) traded down about 22.6% Wednesday to set a new 52-week low of $14.20. Shares closed at $18.35 on Tuesday, and the 52-week high is $27.90. Volume was about 35 times the daily average of around 380,000. The company’s stock will be delisted from Nasdaq for failure to meet SEC filing deadlines.
New Age Beverages Corp. (NASDAQ: NBEV) traded down more than 18% Wednesday to post a new 52-week low of $1.30 after closing Tuesday at $1.59. The stock’s 52-week high is $4.50. Volume was eight times the daily average of about 320,000 shares. The company priced a secondary stock offering at $1.28 a share this morning.
Telefônica Brasil SA (NYSE: VIV) dropped about 2.3% Wednesday to set a new 52-week low of $9.72. Shares closed at $9.95 on Tuesday and the stock’s 52-week high is $17.33. Volume totaled around 1.4 million, about 25% below the daily average. The company had no specific news.
Sears Holdings Corp. (NASDAQ: SHLD) traded down about 4% Wednesday and posted a new 52-week low of $1.18 after closing Tuesday at $1.23. The stock’s 52-week high is $9.63. Volume was about 20% below the daily average of around 1.5 million. The company had no specific news. We continue watching to see which of Sears or JC Penney will be the first department store retailer to become a penny stock.
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