Michael Kors Holdings Ltd. (NYSE: KORS) dropped more than 24% on Wednesday to post a new 52-week low of $45.90 after closing at $90.59 on Tuesday. The stock’s 52-week high is $97.60. Share volume was more than 62 million shares, far above the daily average of around 2.9 million shares traded. The company this morning posted the weakest quarterly results since its IPO, and a weak outlook only made matters worse.
Peabody Energy Corp. (NYSE: BTU) dropped fractionally on Wednesday to post a new 52-week low of $3.40 after closing at $3.41 on Tuesday. The stock’s 52-week high is $17.31. Share volume totaled around 7.2 million, well below the daily average of around 13.2 million shares traded. The coal miner’s stock had actually tacked on about 15% today to trade at $3.46 shortly before the closing bell.
Fossil Group Inc. (NASDAQ: FOSL) posted a new 52-week low on Wednesday. Shares dropped about 9.4% to $68.55 from Tuesday’s closing price of $75.67. The stock’s 52-week high is $115.20. Volume totaled about 4.5 million shares, well above the daily average of around 1 million shares. The company is likely taking a beating in sympathy with Kors.
Rovi Corp. (NASDAQ: ROVI) dropped about 3.1% on Wednesday to post a new 52-week low of $15.97 against a 52-week high of $26.44. The stock closed at $16.48 on Tuesday night. Volume reached about 3.8 million shares, above the daily average of around 2.3 million shares. The company had no specific news today.
ALSO READ: The 9 Most Misleading Product Claims
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.