Tiffany, Express Inc. Tumble into Thursday’s 52-Week Low Club
Weatherford International, Express Inc., Spirit Realty Capital, and Tiffany all posted new 52-week lows Thursday.
November 29, 2018: Here are four stocks trading with heavy volume among 101 equities making new 52-week lows on Thursday. On the NYSE, decliners led advancers by about 1.01 to 1 and decliners also led advancers on the Nasdaq by about 1.1 to 1.
Weatherford International plc (NYSE: WFT) dropped about 9.4% Thursday to set a new 52-week low of $0.58. Shares closed at $0.64 on Wednesday and the stock’s 52-week high is $4.41. Volume was about 20% below the daily average of around 23 million. The oilfield services company had no specific news.
Express Inc. (NYSE: EXPR) traded down more than 20% at $5.68 Thursday after closing at $7.16 on Wednesday. The stock’s 52-week high is $11.69. Volume was about 7 times the daily average of around 2.3 million. The specialty apparel retailer beat estimates this morning but offered up a week outlook.
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Spirit Realty Capital Inc. (NYSE: SRC) traded down about 2.7% Thursday and posted a new 52-week low of $7.22 after closing Wednesday at $7.42. The stock’s 52-week high is $8.53. Volume was less than half the daily average of around 4.6 million. The company had no specific news.
Tiffany & Co. (NYSE: TIF) traded down about 2.7% at $90.00 Thursday after closing at $92.54 on Wednesday. The stock’s 52-week high is $141.64 and volume was about four times the daily average of around 1.9 million. After a disappointing earnings report Wednesday, the stock got knocked down more than 12% and the bleeding didn’t stop altogether on Thursday.
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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.