April 7, 2016: Here are four stocks trading with relatively heavy volume among 30 equities making new 52-week lows in Thursday’s session. The day’s NYSE losers led winners by nearly 4-to-1. The ratio of losers to winners was about 2.5-to-1 on the Nasdaq.
Nokia Corp. (NYSE: NOK) posted a new 52-week low on Thursday. Shares traded at a low of $5.71, down about 2.4%, after closing at $5.85 on Wednesday. The stock’s 52-week high is $8.37. Volume totaled about 30% less than the daily average of around 15.5 million shares. The company said on Wednesday that it plans to cut 1,300 jobs in Finland.
H&R Block Inc. (NYSE: HRB) dropped about 3.2% on Thursday to post a new 52-week low of $24.61 against a 52-week high of $37.53. The stock closed at $25.42 on Wednesday night. Volume was about 20% below the stock’s daily average volume of around 3.4 million. The tax preparation company had no specific news on Thursday.
HSBC Holdings plc (NYSE: HSBC) fell by about 2.2% on Thursday to post a new 52-week low of $29.14 against a high of $50.26. The stock closed at $29.80 on Wednesday night. Volume totaled around 2 million shares, about 40% below the daily average. The bank had no specific news on Thursday.
Conns Inc. (NASDAQ: CONN) dropped about 9% on Thursday to post a new 52-week low at $10.43 after closing at $11.47 on Wednesday. The stock’s 52-week high is $43.95. Share volume of around 1.3 million was about 30% above the daily average of just over 1 million shares traded. The specialty retailer reported same-store sales down 8.5% in March, not including sales of some discontinued products.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
