August 2, 2016: Here are four stocks trading with relatively heavy volume among 40 equities making new 52-week lows in Tuesday’s session. NYSE decliners led advancers by about 3 to 1 and Nasdaq decliners led advancers traded by slightly less than 3 to 1.
Endurance International Group Holdings Inc. (NASDAQ: EIGI) dropped nearly 27% on Tuesday to post a new 52-week low of $6.60 after closing at $9.00 on Monday. The stock’s 52-week high is $19.72. Volume was nearly nearly 5 times the daily average of 700,000 shares. The cloud-software provider for small and medium businesses missed estimates when it reported second-quarter results this morning.
Skechers U.S.A. Inc. (NYSE: SKX) lost about 3.9% Tuesday to post a new 52-week low of $22.88 versus a high of $54.53 after closing Monday at $23.81. Volume nearly equaled the daily average of about 3 million shares. The shoe company’s stock was downgraded at Argus.
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DHT Holdings Inc. (NYSE: DHT) dropped about 2% on Tuesday to post a new 52-week low of $4.49 against a 52-week high of $8.48. Volume of around 2.3 million was about 15% below the daily average of around 2.4 million. The stock closed at $4.58 on Monday night. The oil tanker company had no specific news Tuesday.
Bristow Group Inc. (NYSE: BRS) dropped about 6% on Tuesday to post a new 52-week low of $9.50 against a 52-week high of $46.40. Volume of around 1.8 million was about 65% above the daily average of around 1.1 million. The stock closed at $10.11 on Monday night. A law firm on Tuesday said that it was beginning an investigation of Bristow for potential breach of fiduciary duty.
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