Pandora Media Inc. (NYSE: P) dropped about 22% on Friday to establish a new 52-week low at $14.33 against a high of $40.44. Volume was more than 5-times the daily average of around 6.3 million shares. The Internet radio company posted weak results and offered soft guidance after markets closed on Thursday.
Yelp Inc. (NYSE: YELP) also dropped about 22% on Friday to post a new 52-week low of $44.86 after closing at $57.47 on Thursday. The stock’s 52-week high is $101.75. Share volume was about 11-times the daily average of around 2.2 million shares traded. The social media ratings site got slammed after reporting slower user growth after markets closed on Thursday.
National Oilwell Varco Inc. (NYSE: NOV) dropped about 7.5% on Friday to post a new 52-week low of $49.25. The stock’s 52-week high is $86.55. Volume was more than double the daily average of around 5.7 million shares. The drill rig company received a downgrade today from Jefferies following weak results reported earlier this week.
The AES Corp. (NYSE: AES) posted a new 52-week low on Friday. Shares dropped about 5.1% to $12.02 from Thursday’s closing price of $12.67. The stock’s 52-week high is $15.65. Volume is about equal to the daily average of around 6 million shares. The utility company sector to a hit today as investors expect the cost of capital to rise based on today’s jobs and unemployment report.
ALSO READ: States Where the Middle Class is Dying
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
