May 17, 2016: Here are four stocks trading with heavy volume among 71 equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by about 2 to 1 while Nasdaq decliners led advancers by about 3 to 2.
LendingClub Corp. (NYSE: LC) fell by about 12.7% on Tuesday to post a new 52-week low of $3.44 against a high of $7.63. The stock closed at $5.18 on Monday night. Volume was nearly 4 times the stock’s daily average of around 11.8 million. The U.S. Department of Justice will investigate the transactions that led Lending Club to replace its CEO.
Office Depot Inc. (NASDAQ: ODP) dropped about 8.9% on Tuesday to post a new 52-week low of $3.18 against a 52-week high of $9.37. The stock closed at $33.49 on Monday night. Volume was about 2.5 times the stock’s daily average volume of around 13.8 million shares. The office supply company said it is launching a strategic review following the termination of its merger deal with Staples.
[recirclink id=332312]
Macy’s Inc. (NYSE: M) dropped by about 1.7% on Tuesday to post a new 52-week low at $30.21 after closing at $30.73 on Monday. The stock’s 52-week high is $73.61. Daily volume rose to about 50% more than the average of about 5 million shares. The big department store had no specific news on Tuesday, and even solid results from TJX stores this morning couldn’t hold back the sell-off.
Nordstrom Inc. (NYSE: JWN) posted a new 52-week low on Tuesday. Shares traded at a low of $37.51, down about 2.7%, after closing at $38.54 on Monday. The stock’s 52-week high is $80.23. Volume was about 50% higher than the daily average of around 4.2 million shares. Target hired away the company’s chief marketing officer and BMO Capital Markets cut its price target.
Top Gaining Stocks
Top Losing Stocks