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.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.