Applied Materials, L Brands Slip into Friday’s 52-Week Low Club
L Brands, Groupo Supervaille, Vipshop, and Applied Materials all posted new 52-week lows Friday.
August 24, 2018: Here are four stocks trading with heavy volume among 58 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 2.13 to 1, and on the Nasdaq, advancers led decliners by about 1.82 to 1.
L Brands Inc. (NYSE: LB) traded down about 3.4% Friday to set a new 52-week low of $27.30. Shares closed at $28.25 on Thursday, and the 52-week high is $63.10. Volume was about double the daily average of around 5 million. The company reported weak results Wednesday night and cut guidance for a second time this year.
Grupo Supervielle SA (NYSE: SUPV) traded down more than 32% Friday to post a new 52-week low of $9.20 after closing Thursday at $9.15. The stock’s 52-week high is $33.85. Volume was about 10 times the daily average of around 1.1 million shares. The Argentina bank posted poor results and issued poor guidance this morning.
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Vipshop Holdings Ltd. (NYSE: VIPS) dropped about 2.6% Friday to set a new 52-week low of $6.82. Shares closed at $7.00 on Thursday and the stock’s 52-week high is $19.14. Volume totaled around 7.1 million, about 15% below the daily average. The company had no specific news.
Applied Materials Inc. (NASDAQ: AMAT) traded down about 0.6% Friday and posted a new 52-week low of $42.52 after closing Thursday at $42.79. The stock’s 52-week high is $62.40. Volume was about half the daily average of around 12.4 million. The company had no specific news.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.