April 27, 2016: Here are three stocks trading with relatively heavy volume among 11 equities making new 52-week lows in Wednesday’s session. No other stock trading at least 1 million shares posted a new low Wednesday. NYSE advancing stocks led decliners by about 3 to 1 while Nasdaq advancers led decliners by a much narrower 5 to 4 margin in the day’s trading.
H&R Block Inc. (NYSE: HRB) dropped about 17% on Wednesday to post a new 52-week low at $19.75 after closing at $23.82 on Tuesday. The stock’s 52-week high is $37.53. Share volume of was about 4 times the daily average of around 3.7 million shares traded. The tax preparer laid of 13% of its workforce today citing a poor tax season.
Buffalo Wild Wings Inc. (NASDAQ: BWLD) posted a new 52-week low on Wednesday. Shares traded at a low of $122.25, down more than 15%, after closing at $144.62 on Tuesday. The stock’s 52-week high is $205.83. Volume totaled more than 6 times the daily average of around 660,000 shares. The fast-casual food service operator missed expectations last night and havoc ensued this morning. The stock was also dropped from Goldman’s Conviction Buy list.
Perrigo Company plc (NYSE: PRGO) fell by about 3.2% on Wednesday to post a new 52-week low of $96.37 against a high of $200.96. The stock closed at $99.55 on Tuesday night. Volume totaled about 3.6 million shares, about 50% above the daily average of around 2.4 million. The company had no specific news Wednesday, but the fallout from a lowered outlook and a disappearing CEO isn’t quite finished yet.
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. 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. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
