Investing

GTX, Pier 1 Sink into Friday's 52-Week Low Club

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September 21, 2018: Here are four stocks trading with heavy volume among 45 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by just 12 issues, and on the Nasdaq, decliners led advancers by about 1.3 to 1.

GTX Inc. (NASDAQ: GTXI) traded down about 93% Friday to set a new 52-week low of $1.66 after closing at $23.29 on Thursday. The stock’s 52-week high is $25.60. Volume was more than 200 times the daily average of less than 200,000. The company’s drug to treat stress urinary incontinence failed a phase 2 trial.

Pier 1 Imports Inc. (NYSE: PIR) traded down nearly 25% Friday to post a new 52-week low of $1.36 after closing Thursday at $1.81. The stock’s 52-week high is $5.92. Volume was about five times the daily average of around 1.3 million shares. The company issued an earnings warning after markets closed Thursday.

United Natural Foods Inc. (NASDAQ: UNFI) traded down about 16.5% Friday and posted a new 52-week low of $28.25 after closing Thursday at $33.85. The stock’s 52-week high is $52.69. Volume was about 10 times the daily average of around 660,000. The company missed earnings and revenue estimates in its fourth fiscal quarter.

PulteGroup Inc. (NYSE: PHM) dropped about 3.1% Friday to set a new 52-week low of $25.56. Shares closed at $26.39 on Thursday and the stock’s 52-week high is $35.21. Volume was about equal to the daily average of around 4.3 million. The company had no specific news, but JPMorgan downgraded the stock from Neutral to Underweight.

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