The 52-Week Low Club for Friday

Investing

Published: October 17, 2014 4:06 pm

Last Updated: April 28, 2020 6:33 am

October 17, 2014: Friday appears to have been get-well day on U.S. exchanges — even crude oil made a bit of a comeback after dropping below $80 a barrel Thursday morning. Here are four stocks among the 29 equities making new 52-week lows today.

Francesca’s Holdings Corp. (NASDAQ: FRAN) dropped about 6.8% on Friday to a new 52-week low of $11.81 after closing at $12.67 on Thursday evening. Share volume is more than double the daily average of around 925,000. The boutique retailer stock was downgraded to Underperform yesterday at Macquarie and the price target was lowered from $16 to $11.

Guess? Inc. (NYSE: GES) dropped more than 4% today to post a 52-week low of $20.22. The stock’s 52-week high is $34.94. One of the company’s insiders sold 7,500 shares of stock yesterday. Trading volume is about equal to the daily average of around 1 million shares traded.

Monster Worldwide Inc. (NYSE: MWW) posted a drop of about about 15% today to post a new 52-week low of $3.41 against a 52-week high of $8.50. Volume is about 10-times the daily average of around 870,000 shares. The company priced a convertible senior note offering worth $125 million on Thursday.

Urban Outfitters Inc. (NYSE: URBN) sank to a new 52-week low on Friday of $29.11. Based on Thursday night’s closing price of $34.56 that’s a drop of nearly 16%. The stock’s 52-week high is $40.67. Trading volume is about 7-times the daily average of around 2 million shares. The teen retailer said yesterday that its negative same-store sales performance is continuing and that, as a result, third-quarter earnings “may be impacted.”

ALSO READ: The Best- and Worst-Performing DJIA Stocks in 2014

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