May 18, 2016: Here are four stocks trading with heavy volume among 66 equities making new 52-week lows in Wednesday’s session. NYSE decliners led advancers by about 2 to 1 while Nasdaq advancers led decliners by about 3 to 2.
Target Corp. (NYSE: TGT) fell by about 11% on Wednesday to post a new 52-week low of $65.50 against a high of $85.81 The stock closed at $73.61 on Tuesday night. Volume was more than 6 times the stock’s daily average of around 5.2 million. The big box store lowered guidance this morning after missing sales estimates.
Nordstrom Inc. (NYSE: JWN) posted a new 52-week low on Wednesday. Shares traded at a low of $36.23, down about 3.8%, after closing at $37.65 on Tuesday. The stock’s 52-week high is $80.23. Volume was about 60% higher than the daily average of around 4.2 million shares. The department store had no specific news Wednesday.
24/7 Wall St.Macy’s Inc. (NYSE: M) dropped by about 1.5% on Wednesday to post a new 52-week low at $29.94 after closing at $30.40 on Tuesday. The stock’s 52-week high is $73.61. Daily volume rose to about 35% more than the average of about 5 million shares. Another big department store that had no specific news on Wednesday, and suffers as well from not being a home improvement store.
Limited Brands Inc. (NYSE: LB) dropped about 3.6% on Wednesday to post a new 52-week low of $62.99 against a 52-week high of $101.11. The stock closed at $65.37 on Tuesday night. Volume was more than double the stock’s daily average volume of around 2.8 million shares. The clothing chain is not expected to live up to expectations when it reports earnings after the closing bell Wednesday.
Notice the pattern? All four of today’s low-club members are retail stocks.
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
