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.
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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.
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