May 13, 2016: Here are four stocks trading with heavy volume among 89 equities making new 52-week lows in Friday’s session. NYSE decliners led advancers by 2 to 1 while Nasdaq decliners led advancers by about 5 to 4.
LendingClub Corp. (NYSE: LC) fell by about 6.4% on Friday to post a new 52-week low of $3.52 against a high of $19.48. The stock closed at $3.76 on Thursday night. Volume was more than 3 times the stock’s daily average of around 10 million. A banking group that has been a buyer of the online peer-to-peer lending company’s loans has said it is suspending new purchases.
Nordstrom Inc. (NYSE: JWN) dropped 16% on Friday to post a new 52-week low of $37.99 against a 52-week high of $80.23. The stock closed at $45.23 on Thursday night. Volume was more than 7 times the stock’s daily average volume of around 3.7 million shares. The company reported weak results after markets closed Thursday, and department store chains are the worst performing sub-sector in the retail sector. Nordstrom’s results did nothing to turn that around.
ConforMIS Inc. (NASDAQ: CFMS) dropped by nearly 53% on Friday to post a new 52-week low at $4.80 after closing at $10.11 on Thursday. The stock’s 52-week high is $26.93. Daily volume rose to about 30 times the average of about 340,000 shares. The company slashed its guidance after reporting results last night and is looking for a replacement for its CEO.
The Gap Inc. (NYSE: GPS) posted a new 52-week low on Friday. Shares traded at a low of $17.33, down about 3%, after closing at $17.86 on Thursday. The stock’s 52-week high is $39.59. Volume was about 25% higher than the daily average of around 6.8 million shares. The retailer had no specific news, but Friday the 13th was a brutal day for retailers in general.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.