November 6, 2015: Here are four stocks trading with heavy volume among 118 equities making new 52-week lows today.
The Men’s Wearhouse Inc. (NYSE: MW) dropped nearly 47% on Friday to post a new 52-week low of $21.44 against a high of $66.18. The stock closed at $40.10 on Thursday night. Volume was about 25 times the daily average of around 1.1 million shares traded. The company reported earnings Friday morning after issuing a preliminary earnings report that showing sales at the Jos. A. Bank locations down nearly 15%.
Iconix Brand Group Inc. (NASDAQ: ICON) posted a new low on Friday. Shares dropped about 59% to a low of $6.60 from Thursday’s closing price of $16.14. The stock’s 52-week high is $41.03. Volume was more than 20 times the daily average of around 1.3 million shares. The brand management firm released preliminary Q3 results this morning and cutting guidance. The company also said it would be restating financial results from fiscal years 2013, 2014, and 2015.
Kinder Morgan Inc. (NYSE: KMI) dropped about 2.7% on Friday to post a new 52-week low of $25.20 against a 52-week high of $44.71. The stock closed at $25.91 on Thursday night. Volume was about 15% higher than the daily average of around 17 million shares traded. The oil & gas midstream giant had no specific news today, or yesterday either for that matter, when it set another new yearly low.
Groupon Inc. (NASDAQ: GRPN) dropped more than 8% on Friday to post a new 52-week low at $2.67 after closing at $2.91 on Thursday. The stock’s 52-week high is $8.43. Share volume was nearly double the daily average of around 10 million. The online coupon company continues reeling from Tuesday’s weak Q3 earnings report, a weak Q4 and 2016 outlook, and the impact of replacing its CEO.
ALSO READ: 10 Brands That Will Disappear in 2016
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.