Blue Apron, Realogy Fade into Wednesday’s 52-Week Low Club
Realogy, Government Properties, Blue Apron, and Olin all posted new 52-week lows Wednesday.
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September 19, 2018: Here are four stocks trading with heavy volume among 66 equities making new 52-week lows in Wednesday’s session. On the NYSE decliners led advancers by about 1.27 to 1, and on the Nasdaq, decliners led advancers by about 1.08 to 1.
Realogy Holdings Corp. (NYSE: RLGY) traded down about 5.3% Wednesday to set a new 52-week low of $19.58 after closing at $20.68 on Tuesday. The stock’s 52-week high is $35.00. Volume was more than double the daily average of around 2 million. The company had no specific news.
Government Properties Income Trust (NASDAQ: GOV) traded down about 7.2% Wednesday and posted a new 52-week low of $10.97 after closing Tuesday at $11.82. The stock’s 52-week high is $17.21. Volume was four times the daily average of around 1.1 million. The REIT announced Monday that it will acquire another REIT, Select Income, and rename the combined company Office Properties Income Trust.
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Blue Apron Holdings Inc. (NYSE: APRN) traded down about 5.1% Wednesday to post a new 52-week low of $1.66 after closing Tuesday at $1.75. The stock’s 52-week high is $5.93. Volume was about 30% below the daily average of around 3.4 million shares. The company had no specific news.
Olin Corp. (NYSE: OLN) dropped about 2% Wednesday to set a new 52-week low of $27.18. Shares closed at $27.73 on Tuesday and the stock’s 52-week high is $38.84. Volume was about 15% higher than the daily average of around 1.6 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.