Ambarella, Vodafon Stagger into Friday's 52-Week Low Club
August 31, 2018: Here are four stocks trading with heavy volume among 56 equities making new 52-week lows in Friday’s session. On the NYSE advancers led decliners by about 1.09 to 1, and on the Nasdaq, advancers led decliners by about 1.51 to 1.
Vodafone Group plc (NASDAQ: VOD) traded down about 1.2% Friday to post a new 52-week low of $21.51 after closing Thursday at $21.88. The stock’s 52-week high is $32.75. Volume was nearly four times the daily average of around 4.3 million shares. The company completed a merger with India’s Idea Cellular.
Ambarella Inc. (NASDAQ: AMBA) dropped more about 13.6% Friday to set a new 52-week low of $34.33. Shares closed at $39.75 on Thursday and the stock’s 52-week high is $66.23. Volume totaled around 9 million, about a nine times the daily average. The company reported quarterly results last night, which beat expectations. The weak outlook was not well-received however.
JD.com Inc. (NASDAQ: JD) traded down about 1.5% Friday and posted a new 52-week low of $30.52 after closing Thursday at $31.00. The stock’s 52-week high is $50.68. Volume was about 40% below the daily average of around 15.6 million. The company had no specific news.
Pitney Bowes Inc. (NYSE: PBI) traded down about 4.3% Friday to set a new 52-week low of $7.05 after closing at $7.37 on Thursday. The stock’s 52-week high is $14.80. Volume was nearly double the daily average of around 2.4 million. The company had no specific news.