Investing

The 52-Week Low Club for Wednesday

May 25, 2016: Here are four stocks trading with heavy volume among 17equities making new 52-week lows in Wednesday’s session. NYSE advancers led decliners by more than 2 to 1 while Nasdaq advancers led decliners by less than 2 to 1.

Express Inc. (NYSE: EXPR) posted a new 52-week low on Wednesday. Shares traded at a low of $13.25, down more than 17%, after closing at $16.03 on Tuesday. The stock’s 52-week high is $21.57. Volume was more than 7 times the daily average of around 2.5 million shares. The specialty retailer reported first-quarter results this morning that left a lot to be desired. And those desires are unlikely to be fulfilled in the second quarter.

CBL & Associates Properties Inc. (NYSE: CBL) dropped about 12.5% on Wednesday to post a new 52-week low of $8.98 against a 52-week high of $18.23. The stock closed at $10.26 on Tuesday night. Volume was about 102 times the stock’s daily average volume of around 1.6 million shares. The REIT’s stock sunk after reports that the SEC and the FBI have begun investigating the company.

21Vianet Group Inc. (NASDAQ: VNET) dropped by more than 9% on Wednesday to post a new 52-week low at $12.53 after closing at $13.79 on Tuesday. The stock’s 52-week high is $22.59. Daily volume totaled more than 4 times the average of about 1.3 million shares. The Chinese internet provider had no specific news Wednesday.

Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH) fell by about 12% on Wednesday to post a new 52-week low of $8.62 against a high of $14.91. The stock closed at $9.80 on Tuesday night. Volume was more than 5 times the stock’s daily average of around 475,000. The sporting goods retailer missed revenue estimates and guided below consensus estimates for the second quarter.

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. 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.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.