Invesco, Chemours Slide into Thursday’s 52-Week Low Club
Invesco, Tal Education, Chemours, and Exelixis all posted new 52-week lows on Thursday.
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September 13, 2018: Here are four stocks trading with heavy volume among 102 equities making new 52-week lows in Thursday’s session. On the NYSE advancers led decliners by about 1.25 to 1, and on the Nasdaq, advancers led decliners by about 1.08 to 1.
Tal Education Group (NYSE: TAL) traded down about 4.8% Thursday and posted a new 52-week low of $24.86 after closing Wednesday at $26.10. The stock’s 52-week high is $47.63. Volume was about 20% above the daily average of around 6.1 million. The company had no specific news.
Invesco Ltd. (NYSE: IVZ) traded down about 3.3% Thursday to set a new 52-week low of $23.25 after closing at $24.05 on Wednesday. The stock’s 52-week high is $38.43. Volume was 25% above the daily average of around 4 million. The company reported month-over-month assets under management growth of less than 0.1% as of the end of August after markets closed Wednesday.
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The Chemours Co. (NYSE: CC) traded down about 2.9% Thursday to post a new 52-week low of $38.49 after closing Wednesday at $39.62. The stock’s 52-week high is $58.08. Volume was about double the daily average of around 1.7 million shares. The company had no specific news. Shares have bounced back and are on track to close up about 0.9%, at around $40.
Exelixis Inc. (NASDAQ: EXEL) dropped about 1% Thursday to set a new 52-week low of $16.54. Shares closed at $16.70 on Wednesday and the stock’s 52-week high is $32.50. Volume was about 20% below the daily average of around 4.3 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.