May 24, 2016: Here are four stocks trading with heavy volume among 28 equities making new 52-week lows in Tuesday’s session. NYSE advancers led decliners by about 3 to 1 while Nasdaq advancers led decliners by slightly more than 3 to 1.
Twitter Inc. (NYSE: TWTR) posted a new 52-week low on Tuesday. Shares traded at a low of $13.73, down about 0.7%, after closing at $14.41 on Monday. The stock’s 52-week high is $38.82. Volume was about 50% above the daily average of around 21.6 million shares. The social media firm took some lumps form analysts at MoffettNathanson today which dropped its rating on Twitter to Sell. Monnes Crespi Hardt maintained its Buy rating on the stock but cut its price target from $22 to $18 a share.
DSW Inc. (NYSE: DSW) dropped nearly 15% on Tuesday to post a new 52-week low of $18.51 against a 52-week high of $36.35. The stock closed at $21.73 on Monday night. Volume was about 12 times the stock’s daily average volume of around 1.6 million shares. The shoe retailer missed forecasts this mornings and also cut its outlook.
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Teekay Tankers Ltd. (NYSE: TNK) dropped by about 2% on Tuesday to post a new 52-week low at $3.15 after closing at $3.21 on Monday. The stock’s 52-week high is $8.53. Daily volume totaled more than 20% more than the average of about 2.3 million shares. The tanker company had no specific news Tuesday.
Foot Locker Inc. (NYSE: FL) fell by about 0.8% on Tuesday to post a new 52-week low of $53.67 against a high of $77.25. The stock closed at $54.08 on Monday night. Volume was more than 20% below the stock’s daily average of around 3.5 million. The sports shoe retailer had no news Tuesday, but is likely sinking on the DSW report. Another shoe retailer, Caleres (Famous Footwear), also posted a new 52-week low.
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